Ulata U., 30, is married with 2 children. She has 2 years of experience in the pancakes, noodles, taro, and banana business. She sells to the village people and the public, and school children 5 days per week. She is a new member and this is her first loan with SPBD. She expects her weekly net cash flow to be 50 Tala. SPBD loans are Ulata’s only access to capital because she was never able to qualify for a loan with the traditional banks.
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.