Leemo T., 40, is married with one child. She has three years of experience selling elei and printing materials. She sells to regular clients as well as to family and friends three days per week. She has two previous loans with SPBD. She expects her weekly net cash flow to be 650 Tala (about US$270). SPBD loans are Leemo’s only access to capital because she was never able to qualify for a loan with the traditional banks. Her husband also works and helps her financially when business is slow.
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.