Filipina is 59 years old and a widow with five children. She owns and operates a business venture, a flea market. She has three years of experience in this line of business.
Filipina needs a loan to buy fabric materials of traditional design to make more clothes for her business. She hopes to use her profits to improve her business and to be able to support her family financially. She joined SPBD in 2011.
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.