Vaimalu P., 47, is married with five children. She has five years of experience in the Taro Plantation business. She sells to the public and village people two days per week. She has one previous loan with SPBD. She expects her weekly net cash flow to be 70 Tala (~23 USD). SPBD loans are Vaimalu’s only access to capital because she was never able to qualify for a loan with the traditional banks. Vaimalu's loan will be used to purchase things to improve her business like sacks of fertilizer, knifes, chemicals and a wheelbarraow to make work easier for her. Her husband helps her with the business.
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.