What does FDB mean in DEVELOPMENT
Acronyms and abbreviations are widely used in various industries, including finance and economy. FDB is one such abbreviation that is commonly encountered in the context of economic development and banking. Understanding the meaning and significance of FDB is crucial for individuals and businesses alike.
FDB meaning in Development in Community
FDB mostly used in an acronym Development in Category Community that means Fiji Development Bank
Shorthand: FDB,
Full Form: Fiji Development Bank
For more information of "Fiji Development Bank", see the section below.
» Community » Development
What does FDB stand for?
FDB is an acronym that stands for Fiji Development Bank.
About Fiji Development Bank (FDB)
Establishment
The Fiji Development Bank (FDB) was established in 1977 as a statutory body. It is wholly owned by the Government of Fiji.
Mission
FDB's primary mission is to drive economic growth and development in Fiji by providing financial and advisory services to businesses and individuals, with a focus on promoting sustainable development and job creation.
Services Offered
FDB offers a range of financial services, including:
Loans and financing for businesses
Mortgages and housing loans
Investment and advisory services
Project financing
Trade finance
Target Groups
FDB's services are primarily targeted towards:
Small and Medium Enterprises (SMEs)
Entrepreneurs and start-ups
Farmers and agricultural businesses
Exporters and importers
Essential Questions and Answers on Fiji Development Bank in "COMMUNITY»DEVELOPMENT"
What is the Fiji Development Bank (FDB)?
Fiji Development Bank (FDB) is the leading development finance institution in Fiji. Established in 1967, FDB's mission is to provide financial and technical support to businesses, projects, and individuals to contribute to Fiji's economic development and social progress.
What types of loans does FDB offer?
FDB offers a wide range of development-oriented loans, including loans for agriculture, tourism, manufacturing, small businesses, climate resilience, and renewable energy. FDB also provides personal loans, home loans, and microfinance loans.
Who is eligible to apply for FDB loans?
FDB loans are available to individuals, businesses, and organizations based in Fiji. Applicants must meet specific eligibility criteria, such as having a sound business plan, good credit history, and sufficient collateral.
What are the interest rates on FDB loans?
FDB interest rates are competitive and based on the risk profile of the loan and the prevailing market conditions. Interest rates may vary depending on the type of loan, the loan amount, and the loan term.
How do I apply for an FDB loan?
You can apply for an FDB loan online or by visiting any FDB branch office. To apply, you will need to submit a completed loan application form, supporting documentation, and a business plan or project proposal.
How long does it take to get an FDB loan approved?
FDB loan approval times vary depending on the complexity of the loan application. Simple loans may be approved within a few days, while larger or more complex loans may take longer.
What are the repayment terms for FDB loans?
FDB loan repayment terms are flexible and tailored to the specific needs of the borrower. Repayment terms may range from a few months to several years.
How can I contact FDB for more information?
You can contact FDB by phone at 132 433, email at [email protected], or visit the FDB website at www.fdb.com.fj.
Final Words: FDB plays a vital role in supporting economic development in Fiji by providing access to finance and advisory services for businesses and individuals. Its services are tailored to meet the specific needs of the country's economy, and it is committed to promoting sustainable growth and job creation. Understanding the meaning and significance of FDB is essential for those seeking to engage in economic activities in Fiji.
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