The Sustainable Pacific Aqua-culture Development project, had teamed up with the Ministry of Fisheries and the Cooperative College of Fiji, to deliver financial literacy training, to around 30 small scale ‘Tilapia’ fish farmers, from the Western Division.
The three days training which ended yesterday – enabled participants to broaden their knowledge on the various aspects of running a successful business, from the different types of savings, budgeting, expenses and causes of business failures, including marketing strategies.
President of the Nadi and Lautoka ‘Tilapia Farmers Cluster Group’- Azaad Ali, who also attended the training says, that the training was really educational for them.
Consultations with the Aquaculture Division of the Ministry of Fisheries and the Fiji Development Bank – have identified a lack of financial literacy amongst aquaculture farmers, as a major risk that impedes lending to this sector.
Hence, this targeted training was aimed to build financial literacy of the farmers, so that they can operate their farms on a more business-like footing.