FDB and SPBD Fiji Sign Additional $1.5 Million Loan to Empower Women Entrepreneurs

The Fiji Development Bank (FDB) and South Pacific Business Development (SPBD) Fiji had officially signed an additional $1.5 million loan facility, reinforcing their ongoing partnership to support women entrepreneurs and microfinance initiatives across Fiji.

This renewed commitment builds on the long-standing collaboration between the two institutions, which share a vision of fostering inclusive economic growth, financial empowerment, and sustainable development for grassroots communities.

Speaking at the signing ceremony, FDB Chief Executive Officer, Mr. Filimone Waqabaca, highlighted the Bank’s dedication to supporting microfinance as a powerful tool for nation-building.

“This facility is not just about funding—it’s about investing in the dreams and resilience of Fijian women. By working alongside SPBD, we are enabling women entrepreneurs to expand their businesses, create jobs, and uplift their communities,” Mr. Waqabaca said.
SPBD Founder Mr. Gregory Casagrande, expressed gratitude for FDB’s continued partnership and confidence in SPBD’s mission.

“This additional $1.5 million will allow us to extend more loans to women in rural and urban areas, empowering them to transform their lives and contribute to Fiji’s economic resilience. It is a testament to the impact of microfinance in unlocking potential at the grassroots level,” Mr. Casagrande, stated.

Through this facility, thousands of SPBD women members will gain access to affordable financing for small businesses in sectors such as retail, agriculture, handicrafts, and services. The ripple effect of this support is expected to strengthen family incomes, promote financial independence, and drive community development.

Both institutions reaffirmed their shared commitment to building a stronger, more inclusive economy by equipping women entrepreneurs with the tools they need to succeed.