FTA Co-operative Thrift Limited

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NEW FTACTL WEBSITE LAUNCHING

We are very excited to announce the launch of our newly designed website www.ftactl.org.fj.

After months of hard work and dedication, we are delighted to officially announce the launch on March 19, 2021. We wanted to make the new website faster ,easier to navigate, and more user-friendly.

The FTACTL Chairman, Mr. Iosefo Volau, in his address mentioned that that was part of the Vision set in 2017, and that was, the FTACTL “To be a leader in the Co-operative Business in Fiji and the Region”. Specifically, an objective in the second output of the 2017 – 2019 Strategic Plan was “To obtain ICT system that is relevant, user friendly and improves services to members”. That objective was also adopted into the 2020-2022 Strategic Plan to complete work on the web-based financial database system, “Thrift Plus 1” and eventually, the launch of the website. In fact, the Covid-19 pandemic in a way, was also a positive catalyst speeding up the completion and achievement of those objectives and allowing the FTACTL to serve members better with the launching of the Member Portal. With the emergence of “new norms” due to COVID-19, service to members remained paramount for the FTACTL, thus the adoption of new products and services, procedures as well as platforms to maintain the trend. Mr. Volau also urged that members change their mindsets and save more and loan wisely as the FTACTL is adapting to the changing paradigms of the Co-operative business during this challenging time.

The FTACTL was honored to have the presence of the FTA President, Mr. Netani Druavesi, the FTA General Secretary, Mr. Paula Manumanunitoga, Representatives from the Department of Co-operatives, WESTPAC Bank, IP1 and the Designer of our website GEM IT. In addition, support received from the FTA Executives, the FTACTL Board members as well as the FTA and FTACTL staff and all faithful FTA family members was appreciated.

FROM LEFT TO RIGHT: Mr Naisa Cama (FTA Treasurer). Mr Tawake Gaunavou (Westpac Accounts Manager). Mr Peceli Rinakama (RFTA Vice President). Mr Netani Druavesi (FTA President). Ms Monika Vakalalabure (FTA VP/Professional). Mrs Nanise Kamikamica (FTACTL Vice Chair). Mr Iosefo Volau (FTACTL Chairman). Mr Marika Nasedra (Department fo Co-operative Officer). Mr Jack Kivi (IP1 Director Finance). Mr Paula Manumanunitoga (FTA General Secretary)

As a Co-operative, it is important to disseminate information regarding our products and services easily and accessible to our current and prospective members. We endeavor to provide our members with the most accurate, up-to-date information and share our knowledge and experiences of events that are of interest to members. Our goal with this new website is to provide our visitors an easier way to learn about the FTACTL’s services and to browse information based on their own choice. The new website gives better access to ‘Who We Are,’ our Savings and Loans Products, Investment portfolio, News & Events, Services, Join procedures and Resources.

Amongst the new features, the site contains integrated social media buttons for the FTACTL Facebook Page as well as the FTACTL Youtube Channel, to foster improved communication with members. We will be constantly updating our content with helpful information, Co-operative announcements and member successes in the News.

To our amazing Media and Publicity team at the FTACTL, your time, energy and efforts are greatly appreciated. Thank you for working in collaboration with GEM IT SOLUTIONS to make this site what it is, and our web-based database developer partner Infinity Plus One who have been a fantastic partner for us and we wholeheartedly recommend them!

For any questions, suggestions, feedback or comments, please E-mail Us on info@ftactl.org.fj or ftactl@fta.org.fj.

FTA KAVA

Another much anticipated horizon has now been witnessed by FTA and its subsidiaries, is the harvesting of the Yaqona plants at the Vanuavou Farm. Last month saw the first consignment of yaqona being harvested and sent over to Suva for the local market. Whilst it is anticipated that the first few batches are being sold locally, to ensure a swift turnaround time for marketing and trading, there is also ongoing talks to secure overseas market and a wider reach for the local consumption. A farm audit conducted in August 2020 revealed a total of 19,000  well grown plants.

Office Renovation and New Software Implementation

Our newly renovated office space has been completed, at a total costing of $95k excluding variation costs. It boasts a modern day dimension into a conducive and technological provision of Office and meeting space. In investing in a totally vibrant transition of service delivery, that reflects a high standard of information Technology, we believe members and users shall benefit greatly in its utilization.

The installing of a new software program that is specifically designed to cater for services rendered by our Association has also been installed to replace the old one that has been with us from yester years. Although both these 2 new investments, had been targeted to lift the corporate standard and identity of FTACTL, it also has provided member friendly environment and updated business provisions to members.

SUCCESSFUL RETIREMENT PLAN

Approaching the retirement age, one has to plan well so that the transition will be enjoyed with a lot of business plan for the last two decades utilizing the God given provision of Land which will bring great returns to the member and the immediate and extended family as a whole.

It is no difference to Mr Sailosi Nakelo, a 52-year-old Secondary School Economics teacher who has confidently declared that with the Loan assistance from the Fijian Teachers Association Cooperative Thrift, he was able to secure his business that is bringing great income generating to support him for his Retirement Plan.

Mr Nakelo is originally from Naila, Bau Tailevu and married with 5 children. The eldest is now attending Tertiary, two attending Primary and two at Secondary Education. His Retirement Plan has now enough to support his obligation to the Koro and family as a whole.

Terry Petroleum – Qarani Jetty

Mr Vateitei receiving his power tools from the Chairman of FTACTL Mr Iosefo Volau

As a would be retiree in the next few years and the thought of acquiring a sustainable source of income when I return to the village, I had been thinking of various ways to tackle this emerging challenge. The hardships faced when as a child and the struggles faced in growing up in Gau and Koro, gave me a strong urge to try and give something back to the community and in turn maybe start a business that could also sustain my retirement livelihood.

My dream to own a small business took a huge leap into reality, when I encountered the thought of starting a small bowser facility ait the Qarani Jetty in Gau after it’s reconstructed stage and the proposed endeavor to revitalize the inter-island shipping in response to promoting rural farming and local export. My term as a primary school teacher in Koro had somehow aroused comparison in how better off, interisland shipping services was for Koro and Ovalau while Gau was still heavily underdeveloped.

Having set my sights in pursuing the project, I was also lucky to have attained a lease on the property close to the jetty and had also acquired the backing of the vanua and traditional approval to start what is normally termed a Gunugunu ni benisini or Bowser facility.  The biggest challenge now would be to find a source of funding. My choices of potential places to seek assistance with was always hindered by countless challenges, and was even harder during these Corvid 19 Pandemic.

The initial recollection of my understanding of FTACTL continued to divert my choices to try and secure a loan to fund the start- up of the business. I had lodged a request at the office and had awaited its response with eagerness and much prayer time. To my surprise I received a phone call from FTACTL Chairman, on Sunday 26th July, and was overjoyed when he announced that my loan application of $5,000.00 had been approved.

I guess, I must have been sincere with my prayers, or was I destined for the assistance as a FTACTL member, just privileged to have the opportunity to be financially assisted in a Business entity. 

I have now secured all the purchasing of hardware materials and fencing, and have also secured an empty container, to act as a shed and initial home base for the bowser as well as chain-link for fencing and security provisions.

I must acknowledge the timely assistance and sincere understanding of The Fijian Teachers Association Co-operative Thrift Limited in having faith assisting this humble intention of mine.

“Vinaka saka vakalevu FTACTL, for making dreams a reality”.