ANZ Rural Banking and Microfinance in Fiji; Lessons From Experience

Impact of Rural Banking services in Fiji• Increase in Financial Capability for rural communities- Savings & Payment agent – eg Remittances & Social Welfare- 73,000 Deposit accounts with a deposit base of FJD11m- 90% of our accounts are opened by people without any existing Bank a/c• Rural communities have access to banking and credit- Simple & affordable savings products conveniently accessible to ruralcommunities- Financial literacy promoted both at rural schools and communities• Improvement of livelihood- People with access to banking services and financial education are more likelyto have a cash surplus to re-invest in their farm or business- Positive relationship between a household’s wellbeing and its ability tomanage spending and re-invest the surplus.- Average deposit growth from $3.97 in 2006 to $157.89 in 20106