Ms Rosalina is a young, 24-year old lady with two children. She didn’t finish school due to the lack of financial support from her parents, so she is now staying home and started her pancakes and pork buns business to provide for her family, especially her kids. She said she didn’t want her kids to follow in her footsteps and have the same problem she had while she was in school. So her $300 loan was used to buy the ingredients needed for her business, which is the only source of income she can get. She believes that her next loan will be used to repair their house to improve their living conditions.
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.