Valasiologa B., 34, is single with no children. She has many years of experience in the store business. She sells to the public 7 days a week. She has 1 previous loan with SPBD. She expects her weekly net cash flow to be 500 Tala (~208 USD). SPBD loans are Valasiologo's only access to capital because she was never able to qualify for a loan with the traditional banks. The loan will be used to buy a box of mutton flaps, chicken legs, sausages, pots, teapots, a new oven and other materials used in her business. Her older sister is helping her run 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.