By Shoreyann Ragoso
The Strongim Bisnis program, in partnership with the Development Bank of Solomon Islands (DBSI), is providing new opportunities for registered micro, small and medium-sized enterprises (MSMEs) in the agriculture and tourism sectors through its Business Transport Assets Financing Facility.
The initiative was highlighted during an information session held at the Youth Hub in Chinatown on Thursday 15th October in Honiara, where business owners learned about a co-financing arrangement designed to help them acquire vehicles and boats to strengthen their operations.
Under the partnership, Strongim Bisnis will contribute 40 percent grant funding, DBSI will provide a 30 percent loan, and participating businesses will contribute the remaining 30 percent.
Strongim Bisnis Partnership Manager for the Cash Crops Sector, Yolarose Houaoli, said the facility aims to improve access to transport assets, helping businesses expand their reach, connect rural producers to markets, and serve more customers.
She said the initiative will reduce the financial burden on businesses seeking to purchase essential transport assets while supporting growth and productivity across the agriculture and tourism sectors.
The program is expected to create broader economic opportunities, particularly in rural and underserved communities, by improving market access and strengthening business operations.
Eligible applicants must be legally registered businesses operating in Solomon Islands for at least three years and actively engaged in agriculture or tourism. Agricultural businesses may include those involved in coconut, cocoa and seaweed production, while tourism operators must be registered with Tourism Solomons.
The co-financing facility represents another important step toward supporting local enterprise growth, enhancing economic resilience, and promoting sustainable development across Solomon Islands.
The Business Transport Asset Financing Facility will operate on a rolling basis until 10 successful applicants are selected.
