FDC’s recently completed linkage banking study describes and explores examples of working partnerships in the Pacific between regulated financial institutions (e.g. banks) and community, industry, market, or other groups outside the formal economy. These partnerships aim to extend the reach of … [Read more...]
TDB’s support for disadvantaged borrowers wins international recognition
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...]
Cyclone Winston: SPBD Fiji’s Relief and Rehabilitation Efforts
On 27th February 2016, category 5 Tropical Cyclone Winston struck Fiji. The storm was the strongest and most devastating cyclone to ever hit the South Pacific, leaving behind widespread destruction – 55,000 homes completely destroyed, 44 people died and at least 40% of Fiji’s population directly … [Read more...]
FSMDB receives ADFIAP Awards Institutional Outstanding Development
FSMDB receives the ADFIAP Institutional Outstanding Development Awards for 2016 Environmental Development Category at the 39th Annual Meeting held on May 2-5, 2016 in Apia, Samoa. The ADFIAP Institutional Outstanding Development Awards is awarded annually to deserving members to recognize and honor … [Read more...]
Software Group Helping to Bring Mobile Banking to the Pacific
Bank South Pacific (BSP) and Air Niugini (ANG) launch e-Ticket Mobile Banking. This innovative service takes convenience to a new level, allowing customers to purchase tickets using BSP Mobile Banking. With the help of Software Group’s solutions, this new service means customers can make … [Read more...]
VANWODS Microfinance
VANWODS is not only providing Loan and Savings facilities, but also provide Financial Literacy Training to its client to teach members how to manage their money. Last month April 19th 2016, members of Banban area from 3 different centers had a great opportunity to have Mrs Iauko Elizabeth, … [Read more...]
Loans provide energy for homes in the Solomon Islands
Single mother and sole bread winner Mary Pako received solar lighting in her home for the first time last year. The 45-year-old, who lives in a remote village of Tenarau in the Guadalcanal province of the Solomon Islands is a client of the South Pacific Business Development (SPBD) Solar Lighting … [Read more...]
MiBank/ADB Women In Fisheries Pilot
In 2014, MiBank entered in to an arrangement with the PNG National Fisheries Authority (NFA) to provide credit to citizens engaged in the fishing sector. In a separate partnership with the Private Sector Development Initiative of the Asian Development Bank MiBank embarked on the Women 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...]
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