Sipaea is a 67-year-old mother of five children, all of whom have jobs. She works hard at her grocery store, which is located in the village of Vaitele and open 7 days a week, from 7:00 a.m. to 9:00 p.m. Sipaea has done very well because she offers people lower prices and better quality than they can get elsewhere, and she is attracting a growing number of customers. After expenses, she earns $100 per week in profits, which she saves or uses to repay loans to SPBD. She is looking forward to her new loan, which she will use to expand her grocery store and help her family renovate their home.
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.