Lusia L., 61, is married with six children. She has three years of experience running a business. She sells to villagers and the public six days a week. She has two previous loans from SPBD. Lusia expects her weekly net cash flow to be 400 Tala (~166 USD). SPBD loans are Lusia’s only access to capital because she was not able to qualify for a loan from 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.