Paese K., 43, is married with six children. She has two years of experience in the chips/ice cake business. She sells to the general public/villagers four days per week. She has one previous loan with SPBD. She expects her weekly net cash flow to be 350 Tala (~145 USD). SPBD loans are Paese’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 pay for her children's school fees and things for home improvement like timber, cement, nails, paint and an iron roof.
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.