Malaga is a 56-year-old, married woman, who has seven children. She makes and sells pancakes in her community, to earn a living. She has two years of experience with this business. Malaga needs a loan to buy ingredients and utensils, like flour, sugar, oil, tongs and spoons. She plans to use her profits to extend her business, from pancakes to a restaurant.
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.