Stephanie is a 20-year-old woman who is single. She has no children. She makes and sells pancakes in her community to earn a living. She has two years of experience in this kind of business. Stephanie needs a loan to buy flour, baking soda, eggs, a large basin, sugar, and a large frying pan. She will use her profits to improve her business and support her family. Stephanie joined SPBD in 2014 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.