Iloga is 33 years old and is married with two children. Her husband has a job in town, but his wages aren’t enough to provide for the family. She applied for a loan from SPBD in order to purchase the materials she needs to start an “ice cake” business. She sells these flavored ices to the locals in her village. These treats are especially popular with the children at the primary school. She is able to earn approximately ST 20 – 30 (about USD 8 – 12) each day. This is a valuable supplement to the family’s income. Iloga will use additional loan funds to buy more supplies for making ice cakes, such as purified water, sugar and cordials.
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.