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The economy of Fiji is one of the most developed among the Pacific islands. Nevertheless, Fiji is a developing country endowed with forest, mineral and fish resources. The country has a large agriculture sector heavily based on subsistence agriculture. Sugar exports and the tourism industry are the main sources of foreign exchange. There are ...
The MicroDreams Foundation is an American nonprofit organization that provides microfinance to micro-enterprise development organizations. It was founded by Gregory Casagrande in 2002. It had collaborated with South Pacific Business Development (SPBD) with microfinance institutions (MFIs) in Samoa , Bolivia , Ecuador , Peru , Tonga , Fiji , and ...
Economic Unit – responsible in formulating and monitoring policies and projects in the private sector. [4] Trade Unit – formulate and implement policies to coordinate international trade and investments. [5] Tourism Unit – responsible in developing the tourism industry. [6]
South Pacific Business Development began in the small, rural island of Samoa in 2000. This microfinance organization was created by Gregory F. Casagrande to provide economic opportunities to women in poor communities in Samoa to improve their lifestyle as well as their families.
The European Microfinance Network (EMN) was established in response to many legal and political obstacles affecting the microfinance sector in Europe. The Network is involved in advocacy on a wide range of issues related to microfinance, micro-enterprises, social and financial exclusion, self-employment and employment creation.
Village bank loans typically use market interest rates. A 2006 study of 71 microfinance institutions engaged in village banking found an average portfolio yield of 27.7%, after adjusting for local inflation. [8] The village bank itself will usually mark up this rate when it on-lends to individual members.
Additionally, NBFIs also introduces competition in the provision of financial services. While banks may offer a set of financial services as a packaged deal, NBFIs unbundle and tailor these service to meet the needs of specific clients. Additionally, individual NBFIs may specialize in one particular sector and develop an informational advantage.
The Pacific Islands Private Sector Organisation (PIPSO) was established in 2007 to promote the private sector’s role in policy making and to encourage business development through effective partnerships with governments, regional organisations, development partners and NGOs. Its headquarters are in Suva, Fiji. [citation needed]