Tofu L., 51, is divorced with 6 children. She has 4 years of experience in the potted plants and flowers business. She sells to the public and villagers 3 days per week. She has received 3 previous loans from SPBD. She expects her weekly net cash flow to be 500 Tala (approximately 208 USD). SPBD loans are Tofu’s only access to capital because she was never able to qualify for a loan with the traditional banks. She will also use the loan to buy cement and timber for home repairs. Three of her children are assisting her with her business.
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.