Asega O., 52, is married with five children. She has many years of experience in the fishing business. She sells to the villagers and general public, two days per week. She has had five previous loans with SPBD. She expects her weekly net cash flow to be 450 Tala (~165 USD). SPBD loans are Asega’s only access to capital because she has never been able to qualify for a loan with the 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.