Tukana gets iTaukei Land Trust Board $400K contract
"Software Factory was finally selected because it met our cost budget, all deliverables and timelines."
Thursday 26 June 2025 | 05:00
iTaukei Land Trust Board chief executive officer, Salomone Nata said the services offered by Software Factory Limited, an iTaukei IT company, was at a cost of $434,000, under a tender process.
iTaukei Land Trust Board
Close to half a million dollars has been set aside by a leading land and real estate service provider to strengthen its loan management system.
iTaukei Land Trust Board said part of its new business direction involved the “significant step to strengthen the delivery and management of its iTaukei Development Fund Facility (TDFF), by partnering with Software Factory Ltd (SFL), to develop and implement a dedicated loan management system”.
TLTB chief executive officer, Solomone Nata, said Software Factory Limited, an iTaukei IT company, won the tender at a cost of $434,000.
“Four other IT companies applied, all overseas based,” he said.
“Software Factory was finally selected because it met our cost budget, all deliverables and timelines.”
The new credit facility and loan management system will be launched next month, setting the foundation for smarter, secure, and inclusive financial services under TLTB’s evolving mandate, he said.
With more than 60 iTaukei individuals and landowning units signed up to TLTB’s debt facility, it was critical to establish a reliable and modern system to manage loan disbursements, track repayments, and monitor borrower performance, he said, in a press statement.
“We believe it is only proper to get a purpose-built platform in place that allows us to efficiently manage the entire lifecycle of these loans and provide better support to our landowners,” Mr Nata said.
The new system, Loan WorksNGX, will be designed and deployed by Software Factory Ltd, an iTaukei-owned software company which claimed to have a strong track record in fintech solutions.
Software Factory chief executive officer, Semi Tukana could not be reach yesterday. But in a statement via TLTB, he said the contract included deliverables such as:
- full loan lifecycle management, from application to closure,
- unlimited user licenses with mobile accessibility,
- on-site hosting and cloud integration, and
- training for TLTB staff including IT, finance, trust, and TDF teams.
The package came with:
- 30-day post-implementation support, and
- compliance with Reserve Bank of Fiji standards and ISO27001 information security protocols.
Mr Tukana said the visionary step in empowering iTaukei landowners would be enhanced by a modern solution designed to boost efficiency and financial transparency, while “helping landowners thrive in the areas of commerce and investment.”
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