Iulia S., 27, is single and has no children. She has many years experience in selling various items to the villagers and general public seven days per week. Iulia has had four previous loans with SPBD, which are her only access to capital because she has never been able to qualify for a loan from traditional banks. She plans to purchase more goods for her shop. Part of the loan will be used to purchase timbers, nails, and iron roofing to expand her shop location.
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.