Sulu M., 38, is married with four children. She has three years of experience in her handicrafts business. She sells to the general public and to tourists three days per week and expects her weekly net cash flow to be 200 Tala. She has no previous loan with SPBD.
SPBD loans are Sulu’s only access to capital because she was never able to qualify for a loan with the traditional banks. Her business is operating well.
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.