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US$4 million to boost Samoa SMEs

National Bank of Samoa

Up to US$4 million will be invested in the National Bank of Samoa (nbs) as part of efforts to boost access to finance for small and medium enterprises (SMEs) in Samoa, the International Finance Corporation (IFC) announced. The investment, in the form of an eight-year unfunded risk-sharing facility (RSF), underscores a commitment on the part […]

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FJD$7 million boost for MSMEs and SMEs in Fiji

FDB

Micro, Small, and Medium Enterprises (MSMEs) in Fiji will soon benefit from a new financial assistance agreement worth $7 million, says the Fiji Government. The EURIZ Portfolio Guarantee, facilitated by the Fiji Development Bank (FDB) and funded by the Agence Française de Développement (AFD) and European Union (EU), offers a risk-sharing mechanism to financial institutions, […]

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Rinesh Sharma: Smart Farms

Rinesh Sharma

By Sera Tikotikovatu-Sefeti Entrepreneur and new parliamentarian, Rinesh Sharma, is a 29-year-old with a desire to make a difference in his community. He is no stranger to failure, hard work, or the agricultural landscape. But his entrepreneurial mindset and passion for farming are what drives him. “What really helped me was that at that age […]

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Financial literacy helps PNG women-owned businesses to thrive

PNG women entrepreneurs

The Asian Development Bank (ADB) says Papua New Guinea has the largest gender gap in financial inclusion in the Pacific region, with 29% of women less likely to have access to formal financial services.  Multiple factors contribute to this inequality, including a low level of financial management and digital skills among women. The accelerated use […]

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Adimaimalaga Tafuna’i: Women in Business Development Samoa

Tafuna'i Samoa

By Sera Tikotikovatu-Sefeti The lack of a market for Samoan rural business owners spurred now-iconic business leader, Adimaimalaga Tafuna’i and her team to venture out into agriculture, and the passion for helping vulnerable families is what has kept them going during challenging times.  Tafuna’i, the co-founder and executive director of Women in Business Development Samoa […]

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