Vineta is a 56-year-old woman who is married with six children. She owns and operates a small store, selling items such as snacks, sugar, rice, salt, tinned food, and more. She has been doing this for more than three years. Vineta needs a loan to refill her stocks and buy a fridge. She hopes to use her profits to extend her business in order to support her family and her children as well. She became a member of SPBD in 2012 to gain access to capital for 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.