We are working to increase business access to finance, as well as access to basic financial services for business and individuals across the Pacific.
Business access to credit is critical to private sector growth. Without finance, businesses struggle to grow, meaning economic growth is slowed, jobs are not created, tax revenue does not grow, and standards of living are not raised.
Financing Growth at a glance
333% average increase
Faster loan approvals
New lending products
Gender disaggregated data
Commercializing government banks
Alternative capital raising
In Morobe Province, Papua New Guinea, a group of women produce growers will soon be able to access the finance they need to increase their productivity and grow their businesses, thanks to an innovative new loan product developed by Women’s Micro Bank (WMB), NKW Fresh Produce, and PSDI.
EMTV covers the signing of a Memorandum of Agreement between Women's Micro Bank and NKW Fresh Produce to launched an innovative new loan product developed with support from PSDI.
Women working in agriculture usually cannot access the finance they need to invest in productivity improvements for their businesses as they do not own traditional collateral, such as land or buildings, that banks require for loans.
PSDI’s insight and expertise on improving business access to finance and strengthening Pacific financial systems was shared at the annual meeting of the Association of Financial Supervisors of Pacific Countries (AFSPC) in Nuku’alofa on 4-5 September.