Telesia is a single mother of 22 years of age, supporting a 2-month old child. She is the second youngest from a family of 7 brothers and 5 sisters. Telesia's father passed away when she was only 5 years old, so she was raised by her aunt. They were so poor that her adopted mother could not afford to send her to school. She has struggled her whole life, so when she had her own child, she decided to join SPBD. This is Telesia's third loan, and she managed to build herself a small island house. She is doing very well with her business and attracting many customers everyday.
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.