For the last ffour years Soonalote, a 28-year-old married mother of two, has been operating a business selling twists, buns, donuts, sugars, powder, toothpaste, soups, etc. in her community. A member of SPBD since 2010, she has requested this loan to buy a variety of materials needed in her enterprise. Soonalote plans to use her profits to extend her business and to save for a better family future.
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.