Penelope S., 45, is married with seven children. She has three years of experience in the shop business. She sells to the general public and villagers seven days per week. She has had two previous loans with SPBD. She expects her weekly net cash flow to be 800 Tala (~333 USD). SPBD loans are Penelope’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.