Epenesa L., 52, is married with 6 children. She has 3 year experience in the fishing business. She sells to the general public and villagers, 4 days per week. She has made 2 previous loans with SPBD. She expects her weekly net cash flow to be 600 Tala (~250 USD). SPBD loans are Epenesa’s only access to capital because she was never able to qualify for a loan with the traditional banks. Her loan will be used to buy a new canoe to replace the old one, some fishing equipment and a fishing net.
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.