Elieta F., 35, is married with 7 children. She has 2 years of experience in the pancake and pork bun business. She sells to the village school and villagers 3 days per week. She has received one previous loan from SPBD. She expects her weekly net cash flow to be 350 Tala (approximately 145 USD). SPBD loans are Elieta’s only access to capital because she was never able to qualify for a loan with the traditional banks. Her husband also helps out with running the business, as well as with the loan repayments.
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.