Toafa is 57 years old, married, and the mother of 10 children. For the last two years, she has earned a living by selling baked goods and specialty items to people who live in her community. She is applying for a loan for $650 to buy baking equipment. She plans to use the additional profit she earns from this loan to expand her business. She joined SPBD in 2010 to gain access to our financial services, because our organization serves people who are unable to get loans from commercial 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.