Luaipou L., 49, is married with 7 children. She has 2 years of experience in the Samoan coco business. She sells to the general public 6 days per week. She has 2 previous loans with SPBD. She expects her weekly net cash flow to be 800 Tala (approximately 333 USD). SPBD loans are Luaipou’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.