Soonalote T., 25, is married and has one child. This is her first year in the farming business. She sells to the villagers and public two days per week. She has never had a loan with SPBD. She expects her weekly net cash flow to be 210 Tala (~$87 USD). SPBD loans are Soonalote’s only access to capital because she was never able to qualify for a loan with the traditional banks.
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.