Tomua is 48 years of age. She is married and has six children. Tomua owns & operates a business of planting & harvesting a variety of vegetables for sale. She has 3 years of experience in this business. Tomua needs a loan of WST $1500 to purchase additional seeds, seedlings & young crops to raise. She plans to use the profits from her business (estimated to be 300 talas or US $125 per week) to improve and expand the business.
Tomua 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 Tomua's 2nd 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.