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funding gap emerging markets
Samoa

Samoa SPBD 3

  • SPBD Samoa
  • Invest in microfinance
  • + 533 other investors
  • Through group loans and business support, SPBD Samoa addresses the financial challenges faced by families who work hard to improve their quality of life. Your investment could empower 155 entrepreneurs, the majority of whom are women, providing them with the necessary resources to kickstart their businesses.

    €150,000
    Amount
    5.75%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€150,000
    Interest5.75%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 days on 29 January 2024.

      Explore the project

      SPBD Samoa offers a unique blend of microcredit and business support, particularly through its group loan programs. Operating on the remote island of Samoa in the South Pacific, SPBD Samoa caters to the basic needs of local entrepreneurs, many of whom are women in rural communities. Their Field Officers manage loan collections in person, due to limited digital banking services, and facilitate weekly meetings that foster the sense of community and collaboration between the entrepreneurs. These meetings are central to the group loan model, providing a platform for entrepreneurs to receive guidance, share experiences, and support each other in their business endeavors.

      This method of group lending and support plays a pivotal role in strengthening community economies. By focusing on micro and SME loans, primarily for female entrepreneurs, SPBD Samoa aids them in starting or growing their businesses, with about 70% of their efforts directed towards the rural areas of Upolu and Savaii islands.



      What social return could your investment make?

      Micro, Small and Medium-sized Enterprises (MSMEs) are critical for economic growth, particularly in countries like Samoa, where 25% of families live below the poverty line of US$2 per day. 

      Microentrepreneurs and SMEs are often the backbone of local economies, generating employment and fostering innovation. However, their potential remains largely unused due to limited access to funding and business guidance. For women entrepreneurs, the challenges are compounded by gender-related obstacles such as social bias, lack of collateral due to property rights issues, and limited access to financial education. 

      This is where SPBD Samoa steps in. The financial institution aims to specifically fund and support 155 female-led Micro-entrepreneurs and SMEs through a well-structured loan program. Loans are repayable in 52 weekly instalments, and borrowers also benefit from weekly guidance sessions with SPBD’s field officers, who help refine business strategies and troubleshoot issues in real-time. Your investment in SPBD Samoa is an investment in sustainable community development.

       

      What financial return could your investment generate? 

      • Annual interest rate of 5,75%
      • The maturity of the loan is 24 months
      • There will be a repayment of your investment in equal instalments every six months, including the interest
      • With an investment of 1.000 euros, your expected repayment would be 1.072 euros

       

      The story of SPBD Samoa

      In a region like the South Pacific, where most of the seven million inhabitants live in rural villages and face limited access to traditional banking, the need for financial inclusion is acute. American social entrepreneur Gregory Casagrande founded the South Pacific Business Development (SPBD) in Samoa in 2000 to address this gap. The initiative has since expanded to Fiji, Tonga, Vanuatu, and the Solomon Islands, focusing on poverty alleviation through women-led micro-enterprises. 

      You can invest in the Samoa and Tonga entities via Lendahand. These entities operate independently.

      In Samoa specifically, SPBD has made significant progress. Since its establishment, the organization has disbursed 117,000 loans totaling USD $100 million and achieved financial stability by 2007. SPBD Samoa offers a diverse range of loan types, from microenterprise loans, SME loans to higher education loans, all aimed at empowering women and promoting economic growth.

       

      SPBD Samoa in numbers

      • SPBD Microfinance Network  consists of 5 individual legal entities, of which SPBD Samoa is one
      • Founded in 2000 
      • 29 employees
      • Disbursed 117,000 loans for a total of USD$100 million since its establishment
      Company nameSamoa SPBD 3
      CEOLuapene Lefau
      Founded2010-12-13
      LocationApia
      SectorFinancial services
      Turnover€923,013
      Employees29
      Credit score3.10

      Impact

      In Samoa, where 25% of families live with less than US$2 per day, the growth of Small and Medium-sized Enterprises (SMEs) hold the key to economic development. These SMEs are vital for creating jobs, but often face roadblocks— such as limited access to funding, lack of business guidance, and for female entrepreneurs, additional gender-related challenges like societal biases also hinder their growth and access to resources. 

      Addressing these issues, SPBD Samoa offers a structured loan program to empower female-led SMEs. These loans, repayable across 52 weekly installments, come with hands-on guidance from SPBD’s field officers who assist in business strategy. Furthermore, SPBD provides an alternative to traditional commercial banks, focusing on boosting economic growth in the South Pacific region. By investing in SPBD Samoa, you're uplifting the economic potential of countless Samoan women.

       

      SDGs impacted

      With this project, you are contributing to the following SDGs:

      SDG 1 - No Poverty

      SDG 5 - Gender Equality

      SDG 8 - Decent Work and Economic Growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

       

      Related blog posts

      Read the introduction of SPBD Group as a new investment opportunity here.

      Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.

      Check out this blog post to gain insight into poverty and the struggles faced by those unable to access essential resources for a basic standard of living.

      • With this investment 155 lives are improved

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      We have already contributed to Samoa SPBD 3

      Eliza Luszczewska
      Arjanne Rietsema
      Jos Schreur
      John Cornelisse
      Jérome SERANT
      + and another
      533
      investors