Koreti is 54 years old and married with 5 children. She runs a small business selling popcorn and banana chips in her community and has been doing this for many years. Koreti has requested a loan to buy popcorn, oil, salt, and bananas for chips. She joined SPBD in 2007 to gain access to capital. With her earnings, Koreti will extend her house.
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.