MicroDreams helps SPBD Launch in Fiji

In December 2010, SPBD Microfinance celebrated its grand opening in Suva, Fiji, marking now three island nations served by the organization including neighboring Samoa and Tonga. MicroDreams has provided an initial $211,740 in financing to SPBD Fiji to expand microfinance loans to women on the island of Viti Levu, Fiji’s main island. So far, SPBD Fiji has issued loans to over 400 low income Fijian women who have started up simple businesses such as sewing, weaving, salt production and handicraft making. Lionel Somaratne is SPBD Fiji’s General Manager, who previously was with Nationwide Microbank in Papua New Guinea.