SPBD is a network of microfinance organizations working in Fiji, Samoa, Tonga and the Solomon Islands dedicated to eradicating poverty by empowering women in poor rural villages with the opportunity to start, grow and maintain sustainable, income generating micro-enterprises.

Elrico Munoz

General Manager, SPBD Fiji

From 2007 to 2008, Elrico was the General manager of SPBD Foundation (Samoa) and was able to transform SPBD into a financially sustainable MFI. In 2009, he also successfully helped to launch and establish start-up operations for SPBD Microfinance Ltd. (Tonga) as a short-term consultant to the general manager. Since 2008, for Kiva Microfunds, he has been able to add 11 microfinance partners from the Philippines (8), Mongolia (1), Vietnam (1) and Indonesia (1). In addition, he has trained and improved the performance of Kiva’s microfinance partners in Cambodia, Vietnam, Indonesia, Mongolia and Samoa. He also formerly served as the Managing Director of VANWODS Microfinance in Vanuatu from 1995 to 1997. With just a year under his management, VANWODS achieved significant transformation in terms of client outreach (from 400 to 2002 clients), financial viability (from 17% OSS to 109% OSS) , and operational efficiency (Client Load ratio from 100 to 300 per Account Officer). Earlier on, in 1998 through 1999, as Operations Director of the Center Community Transformation (CCT), a microfinance organization in the Philippines, he led the successful turnaround of this ailing organization to make it one of the largest and most viable MFIs in the Philippines today (more than 100,000 clients with more than 100% OSS and around US$10M in assets).