Telesia is a 78-year-old woman who is married with six children. She has a small business of pig farming. She has many years with this business. Telesia needs a loan to buy barbed wire, boots, cement, a water hose and coconuts. She will use her profits to help support her family financially. Telesia joined SPBD in 2007 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.