SPBD to undertake 2 milestones in the next few months including disbursement of $100m

SPBD to undertake 2 milestones in the next few months including disbursement of $100m

By Mosese Raqio
Saturday 20/04/2024
[Image: Supplied]

The South Pacific Business Development has revealed that they will be undertaking two milestones over the next few months which include the disbursing of $100 million sometime in May and also the opening of its 10th branch in Nausori on 24 June For the SPBD Network.

This was revealed by SPBD during the launch of the SPBD Businesswoman of the Year Awards last night.

SPBD says they are also looking at launching SPBD in more Pacific Island countries and discussions are taking place with relevant authorities.

SPBD adds they operate in five countries including Samoa, Tonga, Fiji, Solomon Islands and Vanuatu and they have disbursed US$260 million and 315,000 microloans to over 100,000 women microentrepreneurs.

They say they have been in operation in Fiji for 13 years, however, the organisation has been in existence since 2000 and has helped over 13,000 women in Viti Levu, Vanua Levu, Taveuni, and Ovalau with nearly $100 million in unsecured loans being disbursed.

SPBD says in many communities, women face systemic barriers to economic empowerment, yet they often display remarkable resilience and resourcefulness in starting and running microenterprises.

They add that these enterprises not only provide vital goods and services but also serve as catalysts for social change and economic development.

They further say empowering women in this way not only enhances individual livelihoods but also contributes to broader goals of gender equality, poverty alleviation, and inclusive economic development.

FEATURE NEWS
Questions raised on why Govt has not followed proper legal processes for salary increases
The legal processes to be followed are still pending after parliament voted for the motion moved by the Minister for Women, Children and Social Protec...
2 hours ago
LATEST NEWS
A Police Officer still on the run for allegedly raping a woman at Valelevu Police single men’s barracks
A police officer who allegedly raped a woman at the Valelevu Police single men’s barracks yesterday morning is on the run. Acting Commissioner ...
1 hour ago

Selfish idea for the parliament to allow salary and benefit increases for the few MPs - Jale Samuwai
It is a selfish idea for the parliament to allow salary and benefit increases for Members of Parliament. This was highlighted by Sawakasa 2 ...
2 hours ago

Spanish police recover stolen Francis Bacon painting worth $5.4 million
Spanish police said on Thursday they had recovered a painting by the late Irish-born British figurative artist Francis Bacon, worth an estimated €5 ...
4 hours ago

Fijians spend their Saturdays feeding the hungry in Australia
Five Fijians are spending their Saturday day off feeding the hungry people in Brisbane's Eastern suburbs in Australia cooking curry and stir fry ...
4 hours ago

Meth found inside a loaf of bread in Natewa
White crystals believed to be methamphetamine was found inside a loaf of bread in Natewa, Cakaudrove. Assistant Commissioner of Police - ...
4 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Motion for Salary Changes of Executive Officers Passed
The motion to change the salaries and allowances of a number of executive offices including those of Members of Parliament has been passed by ...
1 day ago

Ministry of Home Affairs Talanoa Session on Illicit Drugs and Substance Use Disorders in Fiji
The pervasive threat of illicit drugs has emerged as a pressing concern, rapidly infiltrating and destabilizing our society therefore the Republic of ...
10 days ago

Bainimarama and Qiliho hearing in dismissal of 2 police officers case
Acting Director of Public Prosecutions John Rabuku says he wants the hearing of former Prime Minister Voreqe Bainimarama and suspended Police ...
10 days ago

TOP