Tonga Development Bank supplies loans, savings, cross border cash remittances (Ave Pa'anga Pau), domestic money transfer, promissory notes, and business advising.
For 16 years, the New Zealand Government has funded the Tonga Development Bank with approximately TOP$300,000.
[1] Tonga Development Bank’s Micro Lending Product and facilities are aimed at advancing the development of key economic sectors in the country, especially small-scale farming and handicraft-making that involves women and youth groups.
This product aims to promote small business initiatives and savings at villages especially people who have skills but have less or no collateral at all to pledge as loan security.
[1] This ADFIAP Award 2010 given to Tonga Development Bank recognizes its efforts in successfully advancing economic and social development through innovative financing schemes that benefit poor and disadvantaged groups in the country.