Setima used to work, but was forced to quit her job to look after her four little children. Now that her children are older, Setima realized that in order to augment her husband’s salary, she needed to also earn living. Setima then joined the SPBD microfinance program to start a small retail shop in front of her house. She paid off that loan and now plans to obtain a bigger loan to expand her shop, and also build a billiard game shed near it, as a way of attracting more customers to her store.
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.