NATION

Tailevu Chief Uses Seed Fund For Homestay Project At Raralevu

Tailevu chief Ratu Paula Halaiwalu will be using his ‘Seed Fund Grant’ to supplement his homestay business on his piece of land at Raralevu. After receiving his grant at the
08 Nov 2019 15:05
Tailevu Chief Uses Seed Fund For Homestay Project At Raralevu
Prime Minister Voreqe Bainimarama with the landowners who were presented their Seed fund grant at Suva’s Grand Pacific Hotel on November 7, 2019. Photo: Ronald Kumar

Tailevu chief Ratu Paula Halaiwalu will be using his ‘Seed Fund Grant’ to supplement his homestay business on his piece of land at Raralevu.

After receiving his grant at the Grand Pacific Hotel yesterday, the Roko Tui Namata heaped praises on the Voreqe Bainimarama-led FijiFirst Government for helping iTaukei landowners.

“My family planned to start our homestay business and with the first seed funding received last year for which they had already built the first home accommodation,” he said.

“This funding received now will be for the construction of the second home.”

The land for their project has already been surveyed and five more homes will be constructed on the site.

Ratu Halaiwalu was impressed that the fund was sourced from the TLTB profits.

“However, I want to query how the TLTB profits of the past years were used. We landowners are now benefiting from the funding when the Bainimarama-led FijiFirst Government was elected to power,” he said.

Before handing over the grants to recipients Prime Minister Bainimarama said this was the third distribution of funding under the Landowners’ Seed Fund Grant.

“Here today are the latest round of our landowners, each of whom are set to grow their role in our economy and their share of Fijian prosperity by receiving an injection of financial capital to back compelling ideas in business and development,” Mr Bainimarama said.

“Some of these individual projects might seem small, supporting a single family or a small community, but together across Nausori, Tailevu, Bua and Ba, these projects are cogs in a much larger engine of economic growth and development.

“As hard-working Fijians such as yourselves use this seed funding to start or expand your farms or launch other income-generating projects,” he said.

“You are creating economic opportunity and prosperity for yourselves, your families, your mataqali and our nation as a whole.”

This initiative was borne out of discussions between Mr Bainimarama, as TLTB chairman, and landowning communities at the provincial and village level across the country. With the security of iTaukei land enshrined in the Fijian Constitution, he said the landowners were ready to seize new economic opportunities.

“But they were sending us a clear message: While they wanted to pursue new businesses and bring big ideas to life, they lacked the up-front capital to make that happen,” he said.

Prime Minister Voreqe Bainimarama with the landowners who were presented their Seed fund grant at Suva’s Grand Pacific Hotel on November 7, 2019. Photo: Ronald Kumar

Prime Minister Voreqe Bainimarama with the landowners who were presented their Seed fund grant at Suva’s Grand Pacific Hotel on November 7, 2019. Photo: Ronald Kumar

Edited by Percy Kean

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