Loretta is a 49-years-old married woman with 9 children. She has a small business selling pancakes to earn a living. She has been doing this for 3 years. Loretta has requested a loan to buy a large frying pan, cooking oil, bags of sugar, bags of flour, yeast and plastic bags. She has been a member of SPBD since 2012.
With her profits, Loretta hopes to expand her business in other nearby villages.
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.