Merita is already 73 but she is still a very active businesswoman. When she joined the SPBD microfinance program she borrowed a small amount to start her sewing business at home. Despite her age, the quality of her sewing has attracted a growing number of customers. Gradually she was able to grow her sewing business and is now contemplating expanding her house so that she can have a separate shop room for her sewing 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.