Iloga N., 51, is married with seven children. She has many years of experience in the taro and banana business. She sells her produce to the villgaers and the public two days per week. She expects her weekly net cash flow to be 500 Tala (~200 USD). She has four previous loans with SPBD. SPBD loans are Iloga’s only access to capital because she was never able to qualify for a loan through traditional banks. She plans to use her loan to purchase supplies for the continuation of her business, which she operates with her husband.
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.