Nemosina E., 45, is married with 5 children. She has 2 years of experience in the Samoan cocoa business. She sells to the public and villagers 3 days per week. She has had 1 previous loan with SPBD. She expects her weekly net cash flow to be 415 Samoan Tala (~ 150 USD/week). SPBD loans are Nemosina’s only access to capital because she has not been able to qualify for a loan with the traditional banks. She will use her loan for home improvement and school needs.
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.