Peresia M. is 18 years old and married. She has a pancake business and sells to people in the village five days a week. She is a new member of SPBD. Peresia expects a weekly net cash flow of 50 Tala (~$15USD). SPBD loans are Peresia’s only access to capital because she was unable to qualify for a loan with the traditional banks. She will use the loan to establish 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.