Mile is a 51-year-old businessperson who specializes in making German buns. The buns are a delicacy with students and grown-ups alike, and she delivers her pastries to local schools to earn a living. Mile works five days a week during the school days. She plans to use the loan to buy bags of flour and coconuts.
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.