Julie O. is 39 and married with eight children. She owns a business planting and harvesting taro to sell. Julie has three years of experience in this business. Julie needs a loan of 1,000 talas to purchase weed killers such as Gramoxome. She plans to use the earnings from her business (estimated to be 350 talas or US $135 per week) to pay for her children's tuition fees.
In 2010, Julie joined SPBD. This is her first loan with SPBD. SPBD's loans are Julie'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.