Tasileta is 52 years of age and married with eight children. Tasileta owns & operates a business venture selling lavalavas (bottom-half wrap-around prints worn by both men and women). She has many years of experience in this business. Tasileta needs a loan of WST $1,000 to purchase additional fabrics & materials. She plans to use the profit from her business (estimated to be 600 talas or US $250 per week) to improve/expand the business.
In 2011, Tasileta 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 Tasileta'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.