Support to Access Finance
A 2013 Business Survey carried out by the VCCI found that businesses in Vanuatu felt strongly about needed more support to access finance…
Many small, medium and micro businesses have issues accessing finance and capital to start or operate their business. This is especially a problem in Vanuatu as many businesses operate outside the formal economy and are unable to access banking services – due to many reasons such functional and financial illiteracy, inadequate financial record keeping and a lack of confidence to approach the formal banking sector; all resulting in barriers to economic growth.
The Vanuatu Chamber of Commerce and Industry provides support and advice to help you access finance and facilitate the growth of your business:
Pathways 2 Finance Program
The Pathways 2 Finance Program (P2F) aims to help Ni-Vanuatu small, medium and micro businesses access business loans from commercial banks or special loan schemes for business growth.
In Vanuatu, suitable and loan-ready businesses are targeted and trained by a local Certified Practicing Accountant (CPA) to develop professional funding submissions. In 2012, this training was conducted in workshops across Vanuatu. By using a trusted, local CPA and targeting loan-ready participants, banks and other lending institutions will be better able to assess the credit-worthiness of the businesses, and increase their changes of loan approval.
The P2F Program is funded by Pacific Islands Trade & Invest (PT&I) and implemented by the Vanuatu Chamber of Commerce and Industry.
For questions or further information, please call us on 27543.
Support for Agribusinesses and Farmers
What makes it so hard for many farmers in the outer islands of Vanuatu to access finance is often a lack of knowledge of what avenues are open to them, as well as the knowledge of how to access them.
Our Agribusiness Unit provides advice and information on professional loan applications to Agribusinesses and Farmers in Vanuatu.
If you are interested, please contact our Agribusiness unit by calling the VCCI on 27543 or email Mr. Alick Berry, Manager of Trade, Promotion & Agribusiness at firstname.lastname@example.org.
Alternatively, we also welcome you to visit our office across from the Shefa Provincial Council in Port Vila.