Micro and Small Business Grant (MSBG) recipients in the country have been commended by the Government for having the courage to start a business.
Speaking at the MSBG cheque distribution in Savusavu today, the Minister for Industry, Trade, Tourism, Land and Mineral Resources, Faiyaz Koya applauded these Fijians for having a vision to expand their commercial venture.
“I would also like to thank all of you for having the courage to take the risk to begin a business or further your business, with the vision to not only secure a livelihood but to also expand your commercial ventures – and join a well-established and recognised business sector that is producing Fijian-made and Fijian-grown products,” Koya said.
He reiterated that the grant was not a handout but was intended to assist them with their businesses.
“It is a grant that can only be used to purchase materials that you have identified as important to start or expand your businesses. Collectively, as your businesses grow, you will build wealth for yourselves and you will contribute to the economy,” Koya said.
“In October last year, the Ministry assessed and monitored 768 micro and small business, which were funded through this programme between 2015 and 2017.
“The assessment confirmed that 479 businesses were operating successfully, which means 62.4 per cent of businesses assessed in Savusavu are operating successfully, out of which 311 businesses were agriculture based, whilst 121 were in retailing sector.
“These MSBG recipients contributed $5.7million towards the Fijian economy and created approximately 200 jobs in Savusavu.”
A total of 2051 Fijians were recipients of the grant in Savusavu yesterday.