Ala owns & operates a business driving a taxi. She has many years of experience in this business. Ala needs a loan of WST $1250 to purchase parts for the vehicle, such as tires, paints and equipment. She plans to use the profit from her business (estimated to be 320 talas or US $133 per week) to financially support immediate members of her family.
In 2009, Ala joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is Ala's 3rd loan with SPBD.
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.