Fagaloa I. is 23 and married with 1 child. She owns a business venture of planting and harvesting fruits and vegetables for sale. Fagaloa has 1 year of experience in this business. Fagaloa needs a loan of WST$1000 to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the earnings from her business (estimated to be 180 talas or ~US $75 per week) to improve/expand the business.
In 2010, Fagaloa joined SPBD. This is her 1st loan with SPBD. SPBD's loans are Fagaloa's only access to capital because she was never able to qualify for a loan with traditional banks.
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.