Sara is a 60-year-old widow with 9 children. She runs a small business selling fish in her community and has been doing this for many years.
She is requesting this loan to help her make improvements to her house, so her family can have better living conditions. Sara will use the loan to buy timber, iron roofing, cement, water pipes, nails, a hammer, and bricks.
Sara joined SPBD in 2005 to gain access to financial services.
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.