BSP Wins Award for Microfinance Service Provider

Bank South Pacific has won a National Award for be­ing the Microfinance Service Provider of the Year.This was announced by the Reserve Bank of Fiji at the National Microfinance Award
01 Jun 2018 11:38
BSP Wins Award for Microfinance Service Provider
BSP Senior Manager Rural Banking and Microfinance Isikeli Taoi (middle) receives BSP’s award from the Reserve Bank of Fiji Governor and Chairman of the National Financial Inclusion Taskforce, Ariff Ali (right) and the Permanent Secretary for Industry and Trade and Tourism Shaheen Ali (left) on May 28,2018.

Bank South Pacific has won a National Award for be­ing the Microfinance Service Provider of the Year.This was announced by the Reserve Bank of Fiji at the National Microfinance Award ceremony held this week and themed “Bringing out the best.”

BSP Country manager, Kevin McCarthy said: “This award serves as an endorsement for our multi-stakeholder approach to address the critical need for improved access to quality financial services throughout Fiji’s rural and unbanked communities.”

The Microfinance Service Provider of the year award, which falls under the Institution Category, was assessed based on outreach, delivery channels and use of innova­tive technology and client protection.

Governor of the Reserve Bank of Fiji Ariff Ali said the Microfinance Awards that they gave out on Monday rec­ognises the successes of young and individualmicro-entre­preneurs, micro-business partnerships and micro service providers.

Mr Ali said: “This year we received the highest number of submissions mainly from Viti Levu and a few from Va­nua Levu, Taveuni, Lau and Gau.

“The submissions have been assessed by a panel of three judges representing the Ministry of Women, Children & Poverty Alleviation, the University of the South Pacific and the Reserve Bank of Fiji.

“The Individual, Partnership and Youth categories were assessed on business growth, use of local resources and creativity, adequate book-keeping, sustainability and com­pliance with government regulations,” Mr Ali said.

Private sector partner

As one of the pioneer pri­vate sector partner in a tri-partite model of financial inclusion driven by the Gov­ernment of Fiji and sup­ported by Post Fiji, BSP has spearheaded the delivery of key financial services to ca­ter for rural and urban cli­ents.

Mr McCarthy applauded this innovative service de­livery model saying that it sets a platform for improved reach, customer service and efficiency in Banking.

“Today, a customer can walk into a rural based Post Fiji outlet to make a deposit, withdraw funds, check their bal­ances, top up their phones, even open a BSP account and receive their debit card immediately,” he said.

As one of Fiji’s leading financial services provider, BSP is committed to empowering individuals, micro and SME operators with financial solutions that helps them real­ise their dreams and safeguards their personal welfare through banking products and life and health insurance cover.


Category Young Entrepreneur awards (4 Nominees)

-Anasitasia Tuidravu [1st Runner up of Young Entrepreneurs Category

Tadulala Tuinamoala[Winner-Wholesale and Retailer]

Recognition awards

-Elenoa Rika [Fabric painting business from Raiwaqa,Suva-nominees

-Tarun Chand[Auto electrician from the Sugar City of Lautoka]-nominees

Individual category-Microentrepreneur award-(10 Nominees)

-Rosalia Sui [Handicraft business in Savusavu]

-Litiana Yalewatalei [Laundry business from Savusavu

-Litea Marautaki [Canteen business in Taveuni

-Winner Meri Meki [Handicraft business in Nadi]

Recognition awards -Individual category:

-Jagsh Chand [Funeral Directors in Rakiraki

nInspirational female Micro Business

-Vitila Vuniwaqa [Organic and Cash crop farming in Nadi

Rising star

-Satrohan Lal [Poultry farm business in Labasa

-Ilaitia Kebubu [Farming business in Nadi]

-Sakiusa Cawaru [Fisherman from Rakiraki]

-Ranjeet Kumar [Climate Control Refridgeration business in Suva

Partnership category awards

-Winner -Ramendra Lal & Sabhya Singh[Decoration business from Labasa

Microfinance Service Provider

-Winner BSP bank

-Winner Northern Development Programme NDP

-South Pacific Business Development

-WBC’s Microfinance Unit



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