Microfinance Firm to Open in Fiji

Sep 2010
Fiji, September, 06 2010 - One of the region's most successful microfinance organisations is set to open its doors in Fiji next week.

The South Pacific Business Development Development Foundation began in Samoa ten years ago.

Having lent almost $US13 million to 12,000 families it is spreading its wings.

It opened an office in Tonga last year and a new Fiji operation will be launched on September 15th.

SPBD founder Greg Casagrande says the organisation is expanding rapidly.

"We will get to six or seven thousand clients in Tonga in short order, wheras Fiji we could easily reach 20,000 clinets in the next few years."

Mr Casagrande says the South Pacific Business Development Foundation has been able to make a significant difference to the lives of poor Pacific Islanders.


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