Eka S. is a 28-year-old woman living in the town of Salelavalu Tai. She is married with no children. To make a living, Eka operates a family member's fishing business — primarily harvesting and selling wild-caught fish. Eka has been engaged in this business for over 3 years and earns approximately 310 WST a month.
In 2008, Eka joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 1500 WST from SPBD and is now requesting a new loan of 2000 WST to rent a fishing boat. The loan will be the fourth loan taken out by Eka from SPBD. She plans to use the additional revenue generated to improve and expand 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.