Fiji is set to launch its first licensed peer-to-peer lending platform aimed specifically at micro, small, and medium enterprises (MSMEs). In collaboration with the Ministry of Commerce and Business Development, the Reserve Bank of Fiji, and the Asian Development Bank’s Pacific Private Sector Development Initiative, a Request for Proposals has been issued to initiate the development of this ground-breaking platform.
The innovative digital system is designed to connect local businesses directly with lenders, streamlining the financing process by reducing costs and eliminating delays typically associated with traditional lending methods. This initiative is supported by the Access to Business Funding Act 2025, which aims to create new avenues for MSMEs to secure financial support.
A wide array of applicants, including fintech companies, software developers, credit providers, and consortia, are invited to submit proposals that will focus on designing a secure, scalable, and user-friendly lending platform. Minister for Finance, Commerce and Business Development Esrom Immanuel emphasizes that the government is looking for partners who share the vision of establishing a resilient and inclusive financial ecosystem to benefit MSMEs and strengthen Fiji’s broader economy.
Reserve Bank Governor Ariff Ali highlights the unique opportunity this initiative presents for market participants to play a role in shaping Fiji’s financial sector. The successful applicant will manage the platform as an independent and fully commercial financial intermediary, operating under the regulatory framework set by the Access to Business Funding Act.
Jeremy Cleaver, Financing Growth Specialist at PSDI, notes that peer-to-peer lending has the potential to bridge financing gaps for small businesses throughout the Pacific region. By utilizing digital platforms, the initiative can broaden investor outreach, reduce costs, and enhance access to financial resources.
To further support the establishment of the platform, the Fiji Innovation Hub will provide a comprehensive startup package that includes financial backing, technical assistance, and participation in its Accelerator Program. The Reserve Bank is looking for applicants with robust technical knowledge, strong governance frameworks, and well-defined commercial strategies, who are also prepared to collaborate closely with regulators to ensure the establishment of a secure and sustainable peer-to-peer lending market.
The proposal submission period is set to close on March 13, with full details regarding eligibility and submission requirements available from the Ministry of Commerce and Business Development. This initiative, backed by the Asian Development Bank and supported by the governments of Australia and New Zealand, signifies a forward-looking approach to enhancing the economic landscape for small businesses in Fiji.
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