Sina is 43 years of age and married with five children. She owns and operates a business planting and harvesting breadfruit for sale. She has many years of experience in this business. Sina needs a loan of WST $2200 to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the profit from her business (estimated to be 650 talas or US $271 per week) to improve/expand the business.
Sina 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 Sina's 4th 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.