Penina A., 42, is married with seven children. She has many years of experience in the shop business. She sells to the village and public seven days per week.
She has one previous loan with SPBD. She expects her weekly net cash flow to be 500 Tala (~$208 USD). SPBD loans are Penina'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 goods for the store. Her husband is helping her operate the store.
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.