Alaifue I. is thirty-six years old and married with five children. She has four years of experience in a taxi service business. She serves the general public seven days a week. She has three previous loans with SPBD. She expects her weekly net cash flow to be about $75. SPBD loans are Alaifue’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.