Tautai Tutaia M., 58, is married with 8 children. She has 1 year of experience in the plantation business. She sells to the general public 4 days per week. She has had 1 previous loan with SPBD. She expects her weekly net cash flow to be 300 Tala (about $125 USD). SPBD loans are Tautai Tutaia’s only access to capital because she does not qualify for a loan with the traditional banks. Her loan will be used to buy chemicals, seedlings and farming equipment to further improve her 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.