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.
General information
| Borrower | SPBD Microfinance (Samoa) Ltd. |
| Country | Samoa |
| Head office | Apia |
| Website | https://www.spbdmicrofinance.com/ |
| Founded | 13 December 2010 |
| Active on Lendahand since | 10 October 2023 |
| Credit Score | A |
Financial information per 2023-06-30
| Portfolio Overview | €8,456,565 |
| Leverage ratio | 68.00% |
| Write-off ratio | 0.00% |
| % investment amount in arrears (>90 days) | 1.40% |
About Samoa
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
SamoaSupport Fatima in purchasing rice, papaya, and fish. She sells these products in her local shop to ensure there is enough food available for her community. With the earnings, she wants to buy a piece of land for her taro plantation.