After tossing out some statistics on the poverty situation in Samoa in my first entry, I think I’m ready for a more personal take on the impact of impact of micro-credit and the overall economic situation in Samoa.
South Pacific Business Development is one of Kiva’s earliest partner microfinance institutions. With an entire staff of just 16 employees (including management), the institution covers over 2,000 active clients, whose loans total over $700,000. SPBD follows the original Grameen Bank model by administering its loans via borrowing groups. With very few exceptions, all of...Continue Reading >>