43 year old Tutumanu L. is married with five children. She has worked for many years in the taro plantation business where she sells taro to the general public. She works seven days per week and earns a weekly net cash flow of 400 Tala (~166 USD). SPBD loans are Tutumanu’s only access to capital because she has not qualified for a loan from traditional banks. She would like to request a loan to purchase chemicals and weed killers for her taro plantation. Also, she will use part of the loan to purchase iron roofing to replace her old roof that has deteriorated. Tumanu is from a community of 12 ladies who all run the same business and support each other. She has received two previous loans with SPBD.
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.