Tonga, Dec. 15 -- The Asian Development Bank (ADB) has approved a $9 million grant to expand credit access and unlock business opportunities for women entrepreneurs in Tonga. This initiative will help boost the growth of women-owned and women-led micro, small, and medium-sized enterprises (MSMEs) in the country. The Women Entrepreneurs Leveraging Innovative Finance in Tonga Project will support the design of inclusive financial products, tailored support services, and policies that advance private sector development in the country. Women entrepreneurs face many barriers to business, including limited access to finance due to lack of acceptable collateral-often linked to land ownership restrictions-high informality, and inadequate business d...