FSMDB PRODUCTS & SERVICES
Business Term Loans
FSMDB has helped hundreds of businesses throughout the FSM. Whether you’re just getting started or ready to grow, we can help!
Whether you need to purchase a new car, a new boat, an engine, or assist with a family emergency, FSMDB Consumer Loans can help.
Home Energy Loans
FSMDB offers a Home Energy Loan Program (HELP) to help customers make their homes more energy efficient. Find out more!
The Federated States of Micronesia Development Bank (FSMDB) was established by the 1st Congress of the Federated States of Micronesia in 1979. Its operation began on October 1, 1980, but lending did not start until 1982. In 1994, the enabling law that created the bank was amended to reorganize the structure of the bank to reflect that of a normal corporation with shareholders. The bank’s current shareholders are the FSM National, Chuuk State and Kosrae State governments.
The primary purpose of the bank is to provide loans for the economic development of the FSM. The bank has its headquarters located in the State of Pohnpei, the Nation’s Capital, with branch offices in Yap, Chuuk and Kosrae.