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SPBD

NAUSORI WELCOMES 10TH SPBD FIJI BRANCH

South Pacific Business Development Fiji proudly opened their “By the end of this year, in just six months, we aim to empow-
newest branch in the heart of Nausori town in June, marking a er an additional 500 women to start or expand their business-
significant milestone in the journey of SPBD Fiji. es and disburse an additional $2.2 million in unsecured loans

This latest addition brings SPBD Fiji’s total branches to 10 and to new and existing SPBD members,” added Munoz.
extends the SPBD network to 23 branches across the South The Director of SPBD Fiji emphasised: “We are especially
Pacific. focused on empowering women to start, grow, and maintain

SPBD Fiji Director and General Manager, Elrico Munoz, microbusinesses through access to financial and business
says the new Nausori branch will primarily serve the Tailevu development services. This enables them to build assets,
province, providing essential financial services and business improve financial security, and finance housing improvements
development opportunities to women in the area. and education.”
SPBD Fiji already has a thriving presence in the province, Since their establishment in Fiji in December 2010, SPBD has
Munoz says, with a loan portfolio of $1.5 million, serving 962 reached over 20,000 women and provided them with more
SPBD women microentrepreneurs who are organised in 56 than $100 million in unsecured loans over the past 13 years.
village-based groups that meet weekly. Currently, SPBD Fiji serves more than 7,000 women in 438
villages through their branches in Suva, Sigatoka, Lautoka, Ra-
“This new branch builds on this robust foundation, ensuring kiraki, Levuka, Nabouwalu, Labasa, Savusavu and Taveuni.
even greater access to financial resources and support for
women entrepreneurs,” said Munoz.

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