Lona F. is 55 years old and is married with seven children. She has four years of experience in the retail shop business. She sells to the publc and villagers seven days per week. She has had one previous loan with SPBD.
She expects her weekly net cash flow to be 500 Tala (about 208 USD). SPBD loans are Lona's only access to capital because she was never able to qualify for a loan with traditional banks. Lona indicates that even though there are many shops in her village, she wishes to attract more customers than others because she believes she offers the best customer service to her clients. Lona also wants to expand her shop. For these reasons, she wants to buy cement and other materials for business expansion as well as buy stock for her business.
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.