Meaalofa is 40 years old and married, with six children. She wants to start a small business making and selling ice cake in her community.
To do this, she needs a loan to buy sugar, foam cups, coolio, and a small deep freezer to start her own business at home. In the future, Meaalofa hopes to expand her business at the end of this year. She joined SPBD this year 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.