Minister to launch Samoa’s credit registry

A registry to increase access to credit by Samoa is to be launched next week.

Samoa’s Personal Property Security Register will be launched by the Minster of Commerce, Industry and Labour, Lautafi Fio Purcell, at the Taumeasina Island Resort on Monday.

The Registry will increase access to credit in Samoa by making it easy for lenders to secure their claim on ‘movable’ assets.

These include assets such as vehicles, accounts receivable, or even crops—that borrowers have pledged as collateral.

The Registry has been created with support from the Asian Development Bank’s Pacific Private Sector Development Initiative (P.S.D.I).

The event will be attended by key government and private sector officials – as well as officials from New Zealand and Australia.

Aaron Levine, International Business Law Reform Expert with P.S.D.I, will give a demonstration of how the registry works.

Bg pattern light

UPGRADE TO PREMIUM

Subscribe to Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device as well as feature-length investigative articles.

Ready to signup?