Press Releases

Survey Finds Financial Literacy Leads to Better Off Households

Survey Finds Financial Literacy Leads to Better Off Households

July 15, 2009

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A survey in rural Fiji shows that people who received training on managing money and who have bank accounts, are better able to manage their funds and their households are better off. The survey was conducted in 2007 amongst 400 villagers from 14 villages in the Naitasiri Province. The objective was to measure the impact...

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PFIP Work in Microfinance Recognised

PFIP Work in Microfinance Recognised

July 14, 2009

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The Australian Parliamentary Secretary for International Development Assistance, Hon Bob McMullan MP today recognised the work done by the Pacific Financial Inclusion Programme (PFIP) in the area of microfinance. Speaking to delegates via a video address at the Pacific Microfinance Week that started in Nadi yesterday, Hon McMullan MP said that Australian Government’s Aid Programme...

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Technology Making Microfinance More Accessible

Technology Making Microfinance More Accessible

July 14, 2009

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Using mobile phones to buy electricity, accessing banking services through Electronic Funds Transfer at Point of Sale (EFTPOS) units and bank cards to transfer remittances are some examples of how technology can bring financial services to remote areas of the Pacific. The experience from the implementation of these systems, which are already in place in...

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Financial Literacy Crucial for Sustainable Microfinance

Financial Literacy Crucial for Sustainable Microfinance

July 13, 2009

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Financial literacy has a key role to play in creating sustainable microfinance, the Governor of the Reserve Bank of Fiji, Sada Reddy said at the opening of the Pacific Microfinance Week that started in Nadi today. “Microfinance is critical in reducing poverty,” said Mr Reddy speaking to microfinance and financial sector practitioners, experts, policy-makers, academics...

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USD 80,000 Grant a Boost for the Microfinance Pasifika Network

USD 80,000 Grant a Boost for the Microfinance Pasifika Network

May 19, 2009

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The Microfinance Pasifika Network was last week given a boost when it signed a Memorandum of Understanding with the Pacific Financial Inclusion Programme to receive USD 80,000 over 18 months to increase knowledge services to members and secure its long-term future. The Pacific Financial Inclusion Programme (PFIP) is a Pacific-wide programme funded by the UN...

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