Valelia is 25 years of age and married with three children. She has a business planting and harvesting taro for sale. She has three years of experience in this business. Valelia needs a loan of WST $1400 to purchase weed-killers such as Gramoxome. She plans to use the profit from her business (estimated to be 500 talas or US $208 per week) to improve the general living conditions of her family.
Valelia 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 Valelia's second 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.