Avepea N. is 30 years old and single. She has 6 months of experience in the yam and taro plantation business. She sells to the village people 1 day a week. She is a new member with no previous loans with SPBD. She expects her weekly net cash flow to be 60 Tala (~$20 USD). SPBD loans are Avepea’s only access to capital because she did not qualify for a loan with the traditional banks. Avepea would like a loan of $275 to expand her farming 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.