Ioana is a 36-year-old woman who is married with five children. She has a small plantation. To earn extra income, she also has a mechanical shop. Ioana needs a loan to buy a generator, engine oil, water blaster and a compressor. She will use her profits to improve her business. Ioana joined SPBD in 2013 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.