Asai has had 6 previous loans with SPBD. These loans are her only access to capital because she has not been able to qualify for a loan with the traditional banks. Part of this loan will be used for the children's education and to pay for electricity and water.
About SPBDSouth 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.
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