The Tonga Development Bank has won international recognition for offering financial services that are supporting small income generating projects among disadvantaged and low-income earners in Tonga. The TDB was awarded a Plaque of Merit, by the Association of Development Financing Institutions in … [Read more...]
Farmers in South Pacific Bet on Beans for Loan Collateral
The tiny South Pacific island nation of Tonga has become a trial ground for one of the most expansive credit reforms in the world, as banks allow vanilla farmers to use a new kind of collateral: their crops. Photo/Video: Paolo Bosonin/The Wall Street Journal. View the video report produced by the … [Read more...]
Tonga Development Bank: South Pacific nations try new forms of collateral to boost lending, economies
In the islands that dot the South Pacific Ocean, risk-shy banks are weighing unusual forms of collateral to help rev up local economies: vanilla beans, cows and fishing canoes. … [Read more...]
Tonga Development Bank launch new microfinance loan scheme
TONGA DEVELOPMENT BANK LAUNCH NEW MICROFINANCE LOAN SCHEME This is a project funded by Asian Development Bank under the Japan Fund for Poverty Reduction (JFPR) Grant Assistance Project 9151: Social Protection of the Vulnerable in the Pacific (Tonga). Ministry of Finance (MoFin) is the Supervising … [Read more...]
