Salote earns her living by catching fresh sea urchins, bottling them, then selling them in her local market. She used a previous micro-loan to start up this business and now fetches up to ST 80 a day (about USD 32). Having repaid her initial loan on time and in full, she is now eligible for a home improvement loan. She is anxious to secure these funds to make some basic upgrades to her small, open house.
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.