Tumua S., 49, is married with two children. She has many years of experience in her plantation and vegetable garden business. She sells to the public and villagers three days per week and expects her weekly net cash flow to be 450 Tala (~187 USD). She has three previous loans with SPBD.
SPBD loans are Tumua’s only access to capital because she was never able to qualify for a loan with the traditional banks. She is happy to support the program because she believes it gives her much help in her financial need.
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.