HONIARA, June 16, 2023 – SPBD Microfinance, the leading microfinance network dedicated to empowering women microentrepreneurs across the South Pacific, proudly announces a significant milestone in its journey. The organization has disbursed a total of USD $250 million in loans since its inception in 2000, evidence of its commitment to fostering economic development in the region.
Founded with a vision to create meaningful economic opportunities and transform lives, SPBD has been instrumental in supporting more than 115,000 Pacific Island women microentrepreneurs, providing them with vital financial resources and enabling them to build businesses, improve their housing conditions and invest in their children’s education all the way through university for a brighter tomorrow. Through its innovative programs, the organization has facilitated economic independence, job creation, and poverty alleviation for women in Samoa, Tonga, Fiji, the Solomon Islands and Vanuatu.
Founder and President Greg Casagrande said, “This achievement is a testament to the resilience and determination of the women microentrepreneurs we serve. Our members are of modest means but larger ambitions. We are incredibly proud of the impact we have made in their lives and communities. The $250 million milestone represents not just a figure but the dreams, aspirations, and potential unleashed through microfinance. SPBD also owes its success to its 175 dedicated staff. We are honored to be a catalyst for positive change across the South Pacific.”