Folole T., 38, is married and has six children. She has many years experience in selling shop stocks to the villagers and public people six days per week. Her husband is also working, and he helps out with the family and the shop business. Folole has had three previous loans with SPBD, which are her only access to capital because she has never been able to qualify for a loan from traditional banks. She plans to purchase items to restock her shop.
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.