The South Pacific Business Development (SPBD) is a non-profit organization founded in 2000 in Samoa. Year end total assets were $750,286 with a reported return of -9.10%. The gross loan portfolio totaled $506,012 and was composed of 2,331 active borrowers. Since inception, SPBD has issued 11,176 loans, totaling $3.5 million. SPBD is an affiliate of the Grameen Bank worldwide microfinance network based in Bangladesh and is partially funded by Grameen Trust, a US-based non-profit.
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