Ia I., 43, is married with four children. She has 5 years of experience in the bingo/taxi business. She conducts her bingo game 2 days per week, while her taxi works 7 days per week. She has 5 previous loans with SPBD. Ia expects her weekly net cash flow to be 500 Tala (~$208 USD). SPBD loans are Ia's only access to capital because she was never able to qualify for a loan with the traditional banks. Her loan will be used to buy car parts to repair her taxi and also to purchase bingo materials.
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.