Koreti is a 58-year-old woman who is married with four children. She has a small business, taxi services. She has been in this business for two years.
Koreti needs a loan to buy new seat covers and pay for maintenance, engine overhaul, registration, engine oil and fluid. She will use her profits to improve her taxi service and help her kids’ educations.
Koreti 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.