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.
Similar Posts:
- MICROCAPITAL BRIEF: Semaai Raises Equity from Accion, XA Network, Beenext, Surge for Technology Supporting Farmers, Agricultural MSMEs in Indonesia
- MICROCAPITAL BRIEF: Sama Money Acquires Première Agence de MicroFinance, Entering Microcredit Market in Mali
- MICROFINANCE EVENT: Africa Impact Summit; July 13-14, 2023; Cape Town, South Africa
- MICROCAPITAL BRIEF: ILO, UNCDF to Expand PICAP Climate Microinsurance Program to 8 Pacific Countries
- MICROCAPITAL BRIEF: MLF Malawi Partnering with ADA, Grameen Credit Agricole to Develop Digital Finance for Women Farmers