Pepa T., 52, is married with two children. She has many years of experience in her plantation business. She sells to the general public six days per week and expects her weekly net cash flow to be 700 Tala (~260 USD). She has two previous loans with SPBD.
SPBD loans are Pepa’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.