Lumanai M., 41, is married with 5 children. She has many years of experience in a plantation business. She sells to the villagers and general public 3 days per week. She has 3 previous loans with SPBD. She expects her weekly net cash flow to be 450 Tala (~187 USD). SPBD loans are Lumanai’s only access to capital because she was never able to qualify for a loan with the traditional banks. Part of her loan will be used for home maintenance and things for 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.