Matile T. is a 37-year-old woman living in the town of Lalomalava. She is married and has four school-aged children. To make a living, Matile operates a family member's clothing business providing general clothing/dressmaking services to local community members. She has been engaged in this business for over two years and earns approximately 450 WST a month.
In 2008, Matile joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a new loan of 2250 WST which will be used to purchase additional fabrics and materials. The will be the fifth loan taken out by Matile from SPBD. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.
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.