Sylvia is 46 years old and married with five children. She owns and operates a business planting harvesting taro to sell and has many years of experience in this business. Sylvia is requesting a loan of 1,500 WST to purchase weed-killers such as Gramoxome. She plans to use the profit from her business (estimated to be 188 USD weekly) to improve and expand.
Sylvia joined SPBD in 2009 to gain access to financial services. This is her second loan with SPBD. Most of SPBD’s clients are unable to borrow from commercial banks because they lack collateral.
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.