What to know about this Lending Partner
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 Tonga (SPBD Tonga) was founded in 2009 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 Tonga to start, grow and maintain micro-businesses, build assets, as well as finance home improvements and childhood education.
A unique lending approach:
SPBD Tonga 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 Tonga offers other services including savings products, insurance, and financial education.