Koreti is 43 years old and married with seven children. She runs a small business selling convenience foods in her community and has been doing this for three years. Koreti has requested a loan to buy flour, a box of chicken, sausages, soy sauce, curry powder and potatoes. She joined SPBD in 2009 to gain access to capital. With her earnings, Koreti will improve the standard of her business to earn a good income.
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.