Losa S. is 32 years old and married with two children. She has many years of experience working on taro, yam, and banana plantations, where she harvests fruit to sell to people in her village. Losa earns just over $200 per week and often works with her children. Microfinance is Losa's only access to capital because traditional banks are reluctant to lend to her, although she has already successfully repaid her first loan. Losa is now requesting a loan of $400 to improve her family's fruit business and also to improve her family's home.
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.