NATIONWIDE MICROBANK PNG’s Nationwide Microbank (NWB) and the Asian Development Bank’s (ADB) Pacific Private Sector Development Initiative (PSDI) have agreed to join forces to assist women in two small fishing villages to gain entrepreneurial skills and take their produce to market. The partnership … [Read more...]
UN invites private sector to help the Pacific’s unbanked access financial services
PACIFIC FINANCIAL INCLUSION PROGRAMME (PFIP) The United Nations Development Programme (UNDP) and the UN Capital Development Fund (UNCDF) has launched a new funding facility, inviting financial service providers to develop new ways of enabling low-income and rural Pacific Islanders to access … [Read more...]
Software Group helps improve access to financial services in Papua New Guinea
SOFTWARE GROUP Software Group are currently implementing an Electronic banking platform for a prominent financial institution in Papua New Guinea. The project includes Mobile Banking, ATM and Point of Sale systems, a Card Management Solution and integration with other financial institutions to … [Read more...]
FDB Forges Partnership to Assist Rural Women
THE FIJI DEVELOPMENT BANK (FDB) The Fiji Development Bank continues to forge new relations to develop the grassroots people. On 15 September 2014 FDB signed official documentation that will provide a $2MM loan to the South Pacific Business Development (SPBD) Microfinance (Fiji) Ltd. This is an … [Read more...]
PFIP- Australia Supports Financial Inclusion Programme
PACIFIC FINANCIAL INCLUSION PROGRAMME Australian Secretary for the Department of Foreign Affairs and Trade Peter Varghese launched a AUD$14.15 million (FJD$24 million) three-year partnership today with the Pacific Financial Inclusion Programme, aimed at increasing financial services for … [Read more...]
SPBD Network drives Social Performance and Financial Education Forward
SOUTH PACIFIC BUSINESS DEVELOPMENT The rollout of the Financial Education Programme (FEP) has been a main emphasis of the activities of the SPBD Network in 2013 and 2014. The Financial Education Program (FEP) has been launched in a staggered format since the second half of 2013. The focus is on … [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...]
Fiji Council of Social Services Microfinance Unit Forging Ahead
FIJI COUNCIL OF SOCIAL SERVICES MICROFINANCE UNIT FORGING AHEAD The FCOSS Microfinance Unit has slowly but surely been making its progress in terms of outreach and having a stronger presence felt throughout Viti Levu. The growing need for microfinance services throughout Fiji similarly led to … [Read more...]
SPBD- SPBD Samoa and SPBD Tonga Receive Smart GIRAFE Ratings from Planet Rating
SOUTH PACIFIC BUSINESS DEVELOPMENT Planet Rating (A Global Microfinance Rating Agency) conducted Smart GIRAFE Ratings for SPBD Samoa and SPBD Tonga. This is the first time SPBD has been rated by an International Rating agency. The ‘Planet Rating’ rating committee has granted SPBD Samoa the good … [Read more...]
SPBD- Cyclone Ian – Relief and Reconstruction in Ha’apai
SOUTH PACIFIC BUSINESS DEVELOPMENT On 11 January 2014 Cyclone Ian ripped through the Pacific Island nation of Tonga, devastating the Ha’apai island group. The cyclone completely destroyed more than 1,100 buildings in Ha’apai, and many more structures sustained major damage, including 13 primary and … [Read more...]
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