Several years ago, Alesi secured a ST 750 (approximately USD 300) loan from SPBD and used it to open up her small village store. Alesi has continued to use SPBD loans to expand the supply and variety of goods available to her local customers.
With a strong history of repayment, Alesi now qualifies for a fourth loan, and she will use these funds to get closer to her dream of owning a fully-stocked grocery and starting up a bakery to sell her home-baked goods. Alesi says that without the income from her business, she, her husband and their three children could never make ends meet. Alesi hopes that with the next loan, she can increase her shop sales enough to be able to save weekly for her children’s school fees and supplies.
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.