Lupe N. is 40 and married with two children. She owns a business venture, planting and harvesting taro for sale. Lupe has many years of experience in this business. Lupe needs a loan of 2000 talas to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the earnings from her business (estimated to be 650 talas or US$ 251 per week) to improve/expand the business.
In 2008, Lupe joined SPBD. This is her 3rd loan with SPBD. SPBD's loans are Lupe'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.