South Pacific Business Development (SPBD) celebrated a significant milestone with the opening of its new headquarters in downtown Suva, solidifying its commitment to economic empowerment and financial inclusion, particularly for women. Deputy Prime Minister and Minister for Trade Manoa Kamikamica highlighted the organization’s efforts during the inauguration, calling SPBD a “beacon of hope” for women’s economic empowerment in Fiji.

Since its establishment, SPBD has played a pivotal role in providing micro-loans, business training, and financial education. These initiatives have enabled thousands of women to initiate and grow their businesses, ultimately improving their quality of life and contributing to community development. Kamikamica stressed the positive ramifications of empowering women financially, noting that they tend to reinvest a significant portion of their income back into their families and communities.

Elrico Munoz, general manager of SPBD Fiji, expressed excitement about the move, describing the new headquarters as a symbol of progress and accessibility for members. He acknowledged the continued support from the Fiji Development Bank, which has been essential in facilitating SPBD’s operations and its mission to bring financial security to underserved populations.

The new location not only marks a geographical change but also represents a renewed commitment to inclusivity in the economy. Munoz noted that their goal aligns with the Fijian government’s vision of an economy where no one is left behind. As SPBD approaches its 15th anniversary later this year, the organization remains dedicated to its mission of empowering women and fostering community resilience through economic development initiatives.

This new chapter for SPBD reinforces the transformative potential of microfinance, exemplifying how inclusive financial systems can play a crucial role in the socio-economic advancement of underserved communities. The future looks promising as SPBD continues to unlock opportunities for women to thrive, catalyzing broader economic growth and stability in Fiji.