Elena is a 32-year-old woman who is married, with four children.
She runs a business selling clothes in her community. She has four years of experience with this business. Elena has requested a loan to buy a sewing machine, scissors, thread, needles, material, etc.
She plans to use her profits to built up a new sewing shop. She joined SPBD in 2011 to gain access to financial services.
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.