Feagaiga M., 32, is married and has six children. She has five years of experience in the plantation business. She sells to the public 3 or 4 days per week. This is her first loan with SPBD. She will use the loan to buy supplies such as bushknives, knife sharpener, digger, spade, axe, gromozones, stings, fertilizer, and weedkiller.
She expects her weekly net cash flow to be 104 Tala. SPBD loans are Feagaiga’s only access to capital because she cannot qualify for a loan with 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.