Ruta is 18 years of age and married with one child. She a business planting and harvesting taro for sale. She has a year of experience in this business. Ruta needs a loan of WST $1000 to purchase additional seeds, seedlings and young crops to raise. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to improve the general living conditions of her family.
Ruta 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 Ruta's first 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.