Etevise T. is 56 and widowed with 5 children. She owns a business venture, planting and harvesting fruit and vegetables for sale. Etevise has many years of experience in this business. Etevise needs a loan of 1000 talas to purchase general farm supplies and equipment. She plans to use the earnings from her business (estimated to be 340 talas or US $140 per week) to improve/expand the business.
In 2010, Etevise joined SPBD. This is her 1st loan with SPBD. SPBD's loans are Etevise'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.