Ivapene L., 44, is married with seven children. She has many years of experience in the sewing business. She sells to the villagers, families, and public six days per week. She has two previous loans with SPBD. She expects her weekly net cash flow to be 500 Tala (about US$208). SPBD loans are Ivapene’s only access to capital because she was never able to qualify for a loan with the traditional banks. The loan will be used to purchase a new hand sewing machine, fabrics, needles, threads, and materials. Part of the loan will be used to buy timber, cement, bricks, nails, and iron roofs for improving her family's living conditions.
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.