Elena is 45 years old and married with 10 children. She owns and operates a small store, selling items such as meats, snacks, and daily products. She has been doing this for two years. Elena needs a loan to buy bags of rice, sugar, flour, boxes of herring, chicken, soy sauce, cooking oils, and snacks and to pay for school fees. She hopes to use her profits to expand her business. She became a member of SPBD in 2010 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.