Fiailoa F. is 61 and married with 10 children. She owns a business venture, planting and harvesting taro for sale. Fiailoa has one year of experience in this business. Fiailoa needs a loan of 1000 talas to purchase weed-killers such as Gramoxome. She plans to use the earnings from her business (estimated to be 150 talas or US $63 per week) to improve/expand the business.
In 2010, Fiailoa joined SPBD. This is her 1st loan with SPBD. SPBD's loans are Fiailoa'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.