With her children busy with their own businesses, 64-year-old Agnes from the village of Vailele helps out the family by selling ice cakes. Although her kids work to support the family as well, Agnes likes to be in charge of feeding her brood. Agnes makes and sells ice cakes to her fellow villagers 7 days a week, which provides her with a weekly profit of $180 after family expenses and weekly loan payments. She hopes to expand her business by adding new products such as pancakes and pies.
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.