Avasa is 20 years old and single. She wants to start a small business making and selling doughnuts, german buns, and pancakes in her community. To do this, she needs a loan to buy everything she needs for her business such as flour, oil, salt, sugar, and equipment. In the future, Avasa hopes to expand her business. She joined SPBD in 2012 to gain access to financial services.
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.