SPBD Samoa, founded in 2000 by American businessman Gregory Casagrande, addresses the pressing need for financial inclusion in the South Pacific. Part of the larger South Pacific Business Development network, SPBD Samoa primarily empowers women in rural areas to start and grow sustainable micro-enterprises. Since its inception, they've disbursed 117,000 loans, amounting to $100 million, highlighting their significant impact. Their mission revolves around uplifting underprivileged families, especially women, by providing access to vital financial and business development services, ensuring both economic growth and improved quality of life.
|Borrower||SPBD Microfinance (Samoa) Ltd.|
|Founded||13 December 2010|
|Active on Lendahand since||10 October 2023|
Financial information per 2023-06-30
|Write-off ratio last 12 months||0.00%|
|% investment amount in arrears (>90 days)||1.40%|
Samoa, officially the Independent State of Samoa and until 1997 known as Western Samoa, is a Polynesian island country consisting of two main islands (Savai'i and Upolu); two smaller, inhabited islands (Manono and Apolima); and several smaller, uninhabited islands, including the Aleipata Islands (Nu'utele, Nu'ulua, Fanuatapu and Namua). The capital and largest city is Apia. The Lapita people discovered and settled the Samoan Islands around 3,500 years ago. They developed a Samoan language and Samoan cultural identity.
Last funded project
Kalala joined SPBD Samoa and secured a ST$750 (Samoan Tālā) microloan. Together with her husband, she started a fishing business. SPBD's loan and business support transformed her family's financial struggles, enabling her to uplift their well-being. Your investment empowers 135 other female entrepreneurs with kickst...View project