Helen is 20 years of age and she is a single woman with one child. Helen owns and operates a business venture, selling lavalavas (bottom-half wrap-around prints worn by both men and women). She has three years of experience in this business.
Helen needs a loan of 1,500 WST to purchase additional fabrics and materials. She plans to use the profit from her business (estimated to be 500 talas or $208 per week) to improve the business.
In 2010, Helen 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 Helen's 2nd 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.