Microfinance Pasifika Member Profile

Institution Contact Details
Name of Institution	Tonga Development Bank
Postal Address	P.O. Box 126, Nuku'alofa
Country	Tonga
Telephone	(676) 23-333
Fax	(676) 23-755
Email	tdevbank@tdb.to
Website Address	www.tdb.to
Skype	N/A
Contact Person	Mr Simione Sefanaia
Position	Managing Director
General Institutional Information
Current Legal Status of the Institution	A registered company under the Companies Act 1995
Objectives	Development financing institution
Brief History	Established on 1st September 1977
Ownership	Government of Tonga is the only shareholder
Operations related to microfinance and financial inclusion	Small loans at $5000 and below Money transfer between outer island offices Lending activities in the outer islands
Main Funding Sources	Loan repayments and internal generation
Main Challenges	Maintaining good quality loan portfolio and a sustainable level of profitability
Other Networks	Member of Association of Development Finance Institution in the Pacific (ADFIP) Member of Assocation of Development Finance Institution in Asia and the Pacific (ADFIAP) Member of the Associate of Banks in Tonga (ABT)

Activities