Gatai is 25 years of age and married with no children. Gatai owns and operates a business venture, selling specialty food products in the local community. She has 2 years experience in this business. Gatai needs a loan of WST $1000 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 290 talas or US $121 per week) to improve the general living conditions of her family.
Gatai 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 Gatai's 1st 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.