The leading provider of microfinance in Tonga
Following the success of SPBD Samoa, we successfully launched our first replication in the Kingdom of Tonga in 2009. SPBD Tonga reached financial sustainability within 18 months of inception and has disbursed more than US $87,000,000 in loans to hard-working women. SPBD operates on the four major islands/islands groups of Tonga.
Only 30% of Tongan women are employed and 40% of them are underemployed being engaged in subsistence farming, fishing, and handicrafts. 23% of the population lives below the poverty line. Opportunities for salaried employment are scarce.
SPBD Tonga by the numbers
Value of loans disbursed
Number of loans made to
hard-working women since inception
“I am very thrilled that SPBD has recognized my hard work and commitment to my business. I am very proud to be one of the many who has succeeded in using these loans to further my business.”
Pasiano, Weaver, Tonga
Tonga went through a period of violent civil unrest in 2006 but has since then enjoyed political stability. GDP per capita is about USD 3,700. Remittances form 24% of GDP and 82% of households benefit from them. Four private commercial banks are active in the country: BSP (Bank of South Pacific), ANZ, Malaysian Banking Finance (MBf Bank) and the Tonga Development Bank (TDB).
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