Telesia is 55 years-old and married with four children. She runs a small business selling pancakes in her community and has been doing this for twoyears. Telesia has requested a loan in order to buy ingredients needed for making her pancakes. She joined Kiva partner SPBD in 2010 in order to gain access to capital. With her earnings, Telesia will expand her business in order to earn more money.
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.