Masepi M. is 24 years old and single. She is just starting out in the donuts\cake business. She sells to the school and to the village people five days a week. She is a new member and has no previous loans with SPBD. She expects her weekly net cash flow to be 120 Tala (~$40 USD). SPBD loans are Masepi’s only access to capital because she doesn't qualify for a loan with the traditional banks. She will use the loan of $275 to start 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.