Hanamoa is 45 years of age and married with three children. Hanamoa owns & operates a business venture, baking & selling a variety of baked goods in the local community. She has many years of experience in this business. Hanamoa needs a loan of WST $1,000 to purchase baking equipment. She plans to use the profit from her business (estimated to be 500 talas or US $208 per week) to improve/expand the business.
In 2011, Hanamoa 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 Hanamoa'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.