Our History
Merchant Finance Limited (Merchant Finance), previously known as Merchant Finance & Investment Company Limited, has a rich history dating back to its official establishment in 1986. This establishment was a collaborative effort involving the Australian Guarantee Corporation (AGC), International Finance Corporation (IFC), and the Fiji Development Bank, with the primary goal of providing a diverse range of financing facilities to the market. Subsequently, in April 1992, Merchant Finance obtained a license as a Credit Institution, marking a significant milestone in its evolution as a financial institution. This licensing expansion empowered the company to delve into the realm of investment products, particularly focusing on offering term deposits to its clientele. Through these strategic moves, Merchant Finance solidified its position in the financial landscape, catering to the financial needs of its customers and playing a pivotal role in the economic development of Fiji within the region.
Corporate Profile
Following the divestiture of their shareholdings in August 1997 by AGC and IFC, Merchant Finance has successfully transitioned into a 100% Fijian-owned corporation. The company’s current shareholdings are now divided between Fijian Holdings Limited, holding 70%, and FHL Trustee Limited, holding the remaining 30% as the trustee to Fijian Holdings Unit Trust. Despite facing constraints in terms of competitiveness based on pricing, Merchant Finance is focused on sustaining its competitive edge through a strategic emphasis on customer service provision and the continual enhancement of both existing and new business relationships. This shift in ownership structure marks a significant milestone for Merchant Finance, solidifying its position as a locally-owned entity poised for growth and success in the Fijian financial landscape.
VISION
To be the preferred provider of financial services in Fiji.
MISSION
Make customer satisfaction with quality service a priority.
Foster and nurture our people and maintain in a dynamic team.
Live by our values whilst maximising shareholders value.
Core Values
Aligned with our logo, we embrace the values represented by the colors that embody MFL for our people, customers, shareholders, and stakeholders. This alignment signifies our commitment to these core pillars of our organization, emphasizing the importance we place on our employees, the satisfaction and trust of our customers, the prosperity of our shareholders, and the meaningful relationships we cultivate with our stakeholders. Just as each color in our logo has its significance, so too do these values play a crucial role in shaping our identity and guiding our actions. We recognize that by upholding these principles, we create a strong foundation for success and sustainable growth, ensuring that our decisions and endeavors are in harmony with the principles that define us.
Core Purpose
The principal reason for Merchant Finance’s existence is: “To maximise shareholders value by providing innovative financial solutions to our customers while safeguarding the security of our depositors and the loyalty of our people”
