Miriama is 55 years old, married, and has one child. She owns & operates a business selling baked goods in the local community. She has 1 year of experience, and needs a loan of WST $1000 to purchase raw ingredients needed to make her baked goods. She plans to use the profit from her business (estimated to be 220 talas or US $92 per week) to improve the general living conditions of her family.
Miriama 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 Miriama'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.