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Women dominate 2012 FDB Small Business Awards
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22 November 2012

Women entrepreneurs walked away with five of the seven awards handed out at the 2012 Fiji Development Bank Small Business today (22/11/12).

“This is a phenomenal achievement not only for the women that have been rewarded so justly for their outstanding performance in small business, but also for women in business as a whole,” said FDB chief executive office, Mr. Deve Toganivalu.
“In our experience as lenders, women have always been the more credible of investment when it came to financing and a large part of that has to do with their ability to manage their priorities and finances better.
“What tonight’s awards tells us is that when you economically empower women you will begin to see higher rates of economic growth because the future financial status of our children – boys and girls – are more likely to reflect those of their mother and in this way the benefits of current investments in human capital are more likely to be passed on to the future generations because women are successfully integrated into the growth process.”
Mr. Toganivalu said that he is optimistic that as financing in the formal financial sector open up to more and more people, opportunities for business in the micro and small business sector will continue to expand however, sustainability could only be assured if rational economic principals are applied in the management of these entities.
“By that I mean possessing an understanding of the fundamentals of operating a business, being able to separate business income from personal income and an awareness of how the principals of market forces and competition work,” he said.
For this year’s awards, a total of 151 entries were received from the two main islands as well as the maritime islands of Vatulele and Taveuni. The judging process involved short listing and a field visit to the short listed projects.
Category winners each receive a plaque, a certificate and $1,500 in prize money. Runners up (Commendation Award) each receive a certificate and $500 in prize money. Short listed entries were also considered for the Best Business Practise and Special Award, which were awarded by the judges based on a specified criterion.
The winners are as follows:
1.      Agriculture Category (Sponsored by Crest Chicken) - Kamal Virendra Singh of Nakorovou, Bua.
Commendation Award: Ashok Kumar, Barotu, Ra.
2.    Tourism Category (Sponsored by The Fiji Times) - Marama Jaz 24 hrs. Water Taxi Services, Nadi. Commendation Award - Kulture Entertainment Ltd, Suva.
3.    Wholesale & Retail (Sponsored by Sun Insurance) - Hannalei Handicrafts, Labasa.
Commendation Award - Navosa Kava Supplies, Sigatoka.
4.    Professional & Business Services (Sponsored by Reserve Bank of Fiji) - Pacific Harbour Health Care, Pacific Harbour.
Commendation Award - Mild Too Wild Upholstery & Sounds, Suva.
5.     Manufacturing (Sponsored by New India Assurance - Tulia Nacola of Cove Furnishings, Pacific Harbour.
Commendation Award - Aniketh Investments, Nadi.
6.    Best Business Practise Award (Sponsored by FDB) - Vuidravuwalu Enterprise, Ekubu Village, Vatulele.
7.     Special Award (Sponsored by FDB) - Cegu Valley Farm, Tabia, Labasa.
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