Local finance company opens Fiji branch

PAPUA New Guinea company Norman Finance has set up a branch in Fiji because it views that the Pacific island country’s economy as stable.
“Fiji is the perfect place to expand our first overseas branch because of its stable economy and the people seems trustworthy,” managing director and owner Gabriel Andandi said.
Fiji is Norman Finance’s first overseas branch.
There are 26 branches throughout Papua New Guinea.
Andandi went with his with his parents, Peter and Mopu, to Fiji to open the branch in downtown Suva.
“There are other PNG finance company over there, Fijian companies as well, but I am not trying to compete with them but create another option for the people,” he said.
“We believe our interest rates are affordable and low enough to attract clients and we are very flexible with the timeframe involved in the payment of the loan.
“I have covered the entire country (of PNG) and this is the right time to go overseas and Fiji is my first choice to assist my Melanesian friends.”
Norman Finance was founded in 2008 and now has branches in all the provinces.
The company specialises in soft loans, primarily for public servants.