Seepa T. is 58 years old, married and has seven children. She has many years of experience in the lawn-mowing business, which she does three days a week. In the past, she took out and repaid two loans from SPBD. She expects her weekly net cash flow to be $104. SPBD loans are Seepa’s only access to capital because she has never been able to qualify for loans from traditional 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.