South Pacific Business Development (SPBD) - Solomon Islands

South Pacific Business Development (SPBD) - Solomon Islands

Lending Partner since 2014 • Solomon Islands
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Fundraising Status:active
Risk Rating:

What to know about this Lending Partner

Impact Category:
General Financial Inclusion
Default Rate:
0.61%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$6,863,275
Loans at Risk Rate:
16.01%
Kiva Borrowers:
9,094
Delinquency Rate:
2.40%
Interests and Fees:
59% PY
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Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.


Partner Description:

South Pacific Business Development Solomon Islands (SPBD Solomons) was founded in 2012 and is part of the South Pacific Business Development network of microfinance institutions. The network aims to improve the quality of life of families living in poverty by providing unsecured credit, business training and ongoing motivation and guidance. Clients work with SPBD Solomons to start, grow and maintain micro-businesses, build assets, as well as finance home improvements and childhood education.


A unique lending approach:

SPBD Solomons uses a group lending strategy to provide working capital to women and help them develop small businesses. The organization also offers loans to women to pay for home improvements and school expenses. In addition to loans, SPBD Solomons offers other services including savings products, insurance, and financial education.