Teleofa is 58 years old and married with one child. She has a small garden where she grows taro, taamu, bananas and yams that she can sell in her community or at the market. She has been doing this for two years. Teleofa needs a loan to buy a file, knives, chemicals, weed spray, an axe and spade for her plantation. She joined SPBD in 2013 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.