The Trade Enhancement Program was launched in April 2022 as a grant of up to $500 to micro-entrepreneurs.
According to the Ministry of Commerce, Commerce, Tourism and Transport, 1000 applications were approved worth $492,795.
Minister of Commerce, Commerce, Tourism and Transport, Faiyaz Koya, said the idea behind the TEP was to create employment opportunities for those who had lost their jobs due to COVID-19.
He said it was intended to encourage movement from the informal to the formal sector, create opportunities for training/awareness about financial literacy, encourage entrepreneurship among young people, women and persons with disabilities, improve from the skill-based or “blue collar”.
“The micro-business segment has been hit hard during the COVID 19 pandemic, the Ministry of Commerce, Commerce, Tourism and Transport as the business engine of the government has provided much-needed assistance and assistance through its various grant programs.
“I’m happy to say that about 69 percent of recipients among TEP are women. It is very encouraging to see our Fiji women use their specific technical skills and develop them into a business.”