Taumaloto is 61 years old and married with 10 children. She wants to start a small business making and selling pancakes in her community. To do this, she needs a loan to buy flour, oil, sugar, a frying pan, baking powder and a stove. In the future, Taumaloto hopes to continue to do business. She joined SPBD in 2010 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.