Sulu T. is 57 and married with 7 children. She owns a business venture planting and harvesting taro for sale. Sulu has 2 years of experience in this business. Sulu needs a loan of WST$2000 to purchase weed-killers such as Gramoxome. She plans to use the earnings from her business (estimated to be 600 talas or US $250 per week) to improve/expand the business.
In 2008, Sulu joined SPBD. This is her 3rd loan with SPBD. SPBD's loans are Sulu's only access to capital because she was never able to qualify for a loan with 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.