Poima is 28 years of age and married with two children. Poima owns and operates a business venture planting and harvesting a variety of vegetables for sale. She has many years of experience in this business.
Poima needs a loan of 1,500 tala to purchase additional seeds, seedlings and young crops to raise. She plans to use the profit from her business (estimated to be 500 tala or US $208 per week) to make improvements to her house.
In 2010, Poima 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 Poima's second 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.