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
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.
Interest in fintech, blockchain, cryptocurrencies and initial coin offerings, and their potential in the Pacific, is extraordinarily high and growing. However, in scholarly literature and the media there is widespread misunderstanding about many aspects of this phenomena.
Movables financing "has the potential to break the cycle of dependence on limited, subsidised finance and empower farmers to better manage cash flow and re-invest in their businesses: improving growing methods, planting more trees, engaging labor when needed, and accessing networks to improve sale p