Ipu is a 55-year-old woman who is married and has six children. She has a small business mowing lawns, which is her service to the community. She has been in business for many years.
Ipu needs a loan in order to buy equipment necessary for her lawn mowing business. Although she will use her profits to feed her family and cope with other family expenses, she will mostly use them to revive her business.
Ipu joined SPBD in 2011 in order 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.