Aseria I., 42, is married with 10 children. She has many years of experience in the taro and banana business. She sells to the public and to villagers 2 days per week.
She has taken 2 previous loans from South Pacific Business Development (SPBD). She expects her weekly net cash flow to be 400 Tala (~$166 USD). SPBD loans are Aseria's only access to capital because she was never able to qualify for a loan from the traditional banks. She will use the money earned to buy chemicals, weed killer, sack of fertilizers and bush knives for the farming business. Her husband is helping her operating the 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.