Faima is 27 years of age. She is married and has four children. Faima owns & operates a clothing business selling lavalavas (bottom-half wrap-around prints worn by both men and women). She has 3 years of experience in this business.
Faima needs a loan of WST $1000 to purchase additional fabrics & materials. She plans to use the profit generated (estimated to be 250 talas or US $104 per week) to improve/expand her business.
In 2011, Faima 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 Faima's 1st 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.