Maria is 49 years old and the mother of two grown sons. Her sons migrated overseas in order to find employment opportunities. Both have their own families to look after, and Maria and her husband work hard to support themselves and not rely on their children for financial support. They operate a vegetable farm and Maria’s access to micro-loan facilities have helped them upgrade their farm with better equipment and fertilizers. They sell their crop at the local market. Having repaid previous loan funds in full and on time, Maria is seeking an additional loan specifically to expand the variety of vegetables they grow and purchase some fertilizer to enhance their yield.
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.