Vaelua I., 74, is married with seven children. She has five years of experience in the plantation business. She sells to the village people and the public, two days per week. She has had one previous loan with SPBD. She expects her weekly net cash flow to be 130 Tala (~$45 US). SPBD loans are Vaelua’s only access to capital because she has never been able to qualify for a loan with the traditional banks.
South Pacific Business Development (SPBD) improves conditions for families living in poverty by providing accessible credit, training, and guidance to help them start, grow and maintain micro-businesses, build assets, finance home improvements, and afford to educate their children. 99% of SPBD’s loans go to women, who can borrow in groups to guarantee one another rather than put up collateral.