Fijivillage
NEWS SPORTS
22 October, 2020, 11:53 pm Central - 21°C Clouds
ACCF
ACCF

SPBD gives loan worth $16M to established and new businesswomen this year

SPBD gives loan worth $16M to established and new businesswomen this year

By Rashika Kumar
Thursday 15/10/2020

Micro-financing organisation, South Pacific Business Development has given about $69 million worth of loans to women who want to start or expand their businesses in the past 10 years.

This has been revealed by SPBD General Manager, Enrico Munoz who says they give about $10 million loan a year and have already given out loans worth $16 million this year.

He says these loans are not secured and the only guarantee these women provide are their integrity.

121673727-360318371686039-3505855289027258426-n

Munoz says that apart from giving loans to women, they also provide financial education, death benefits and purchase items on hire purchase on behalf of the women.

SPBD has six branches throughout Fiji that serve over 9,000 women in more than 400 villages.

The organisations is also celebrating its 10th Anniversary in Fiji and has a new logo to mark the occasion.

The new logo includes a masi print that depicts 10 mountains that represent the 10 islands where the women are from.

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Autumn Nations Cup
Fiji Rugby CEO John O’Connor has highlighted that they have been asking for Fiji to have test matches against Tier One Nations and the inclusion of ...
2 days ago

Online Safety Commission
Majority of the complaints received by the Online Safety Commission last year dealt with defamatory ...
2 days ago

Rape trial of pastor Waisake Tulavu
Coverage of rape trial of Agape pastor Waisake Tulavu
16 days ago
FEATURE NEWS
Complaint filed against a teacher allegedly behind repeated fb posts to humiliate Qereqeretabua with references to porn and immorality
Minister for Education, Rosy Akbar has received a complaint by the National Federation Party Youth General Secretary that a teacher in Suva is alleged...
7 hours ago
LATEST NEWS
Children in tourist areas are vulnerable to physical, emotional and sexual abuse - Koya
Minister for Tourism, Faiyaz Koya is calling on stakeholders in the tourism industry to extend the duty of care to our children, especially those in ...
8 hours ago

Two in custody for allegedly robbing a student in Samabula
Two men who allegedly threatened and robbed a female student in Samabula on Tuesday have been charged. The two have been charged with one count ...
9 hours ago

23 people have died so far from leptospirosis, dengue fever and typhoid
18 people have lost their lives due to leptospirosis, three have died from dengue fever while two people have died due to typhoid since January this ...
9 hours ago

Vodafone gives $5,000 each to 10 lucky winners
Vodafone has given away $50,000 to 10 lucky winners through their Fiji Day Fiji50 promotion. Each winner received $5,000 as they had text Fiji50 ...
10 hours ago

Ali shares her personal story dealing with domestic violence
Fiji Women’s Crisis Centre Coordinator Shamima Ali today shared her personal experience about domestic violence in her life as she spoke to Bank ...
10 hours ago

TOP