Page 7 - SPBD Dec 2021
P. 7
SPBD Fiji 2020 SPBD Fiji 2020
THE SPBD NETWORK
SPBD is a network of microfinance organisations members.
working in Fiji, Samoa, Tonga, Vanuatu and • Subsequent financing is available, but failure
Solomon Islands, dedicated to eradicating to attend meetings, make payments or honor
poverty by empowering women in rural guarantees will negatively affect subsequent
villages with the opportunity to start, grow and financing.
maintain sustainable, income generating micro-
enterprises. • Financing is available for housing
improvement and childhood education.
• SPBD provides unsecured financing to
underprivileged women. • Savings and Death Benefits are also available.
• Clients must use their funds to run micro- • SPBD Samoa, SPBD Tonga, SPBD Fiji, SPBD
businesses. Solomon Islands and SPBD Vanuatu together,
already serve over 56,000 loan clients and
• They must attend weekly meetings and all savings clients.
business is conducted during the weekly
centre meetings in the villages. SPBD has clearly proven that micro-
entrepreneurs in the South Pacific are bankable
• All clients are in self-formed groups of 4-7 and that micro-credit is a great enabler towards
women. ending global poverty.
• The group co-guarantees all loans of its
SAMOA SOLOMON ISLANDS
SPBD Samoa was founded in 2000, and SPBD Solomon Islands was incorporated on 13
maintains a dominant market share for small April 2012 and started setting up operations in
unsecured loans in Samoa, with 95 percent of all November 2012. Its first loans were disbursed in
micro-enterprise development loans made, and January 2013.
2-3 percent of all types of loans in Samoa. SPBD
works on all four islands and nearly every village
in Samoa. VANUATU
SPBD Vanuatu was launched in 2017, with
operations commencing in April. Like all SPBD
TONGA
SPBD Tonga was launched in 2009. After just 18 operations, it has provided more women with
economic opportunities. It is the fifth entity in
months, it reached financial sustainability and the SPBD network of microfinance institutions in
has expanded into Tongatapu, Vava’u, Ha’apai the South Pacific region.
and ‘Eua.
FIJI
SPBD Fiji launched in November 2010 and it is
celebrating its 10th anniversary. After just five
months of operation, it became the largest
microfinance institution in SPBD Fiji.
7
