Asai is 48 years of age and married with six children. Asai owns and operates a store selling a variety of products in the local community. She has eight years of experience in this business. Asai needs a loan of WST $2500 to purchase additional products to sell. She plans to use the profit (estimated to be 800 talas or US $333 per week) to improve and expand her business.
Asai 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 Asai's eighth 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.