Navy is 47 years old and is married with three children. She wants to start a small business making and selling earrings made from coconut shells in her community. To do this, she needs a loan to buy a buffer, coconut shells and carving tools. In the future, Navy hopes to produce new products for sale. She joined SPBD 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.