Filiga is 43 years of age and married with five children. Filiga owns & operates a business venture, selling a variety of different products in the local community. She has 3 years of experience in this business. Filiga needs a loan of WST $1000 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 320 talas or US $133 per week) to improve/expand the business.
In 2010, Filiga 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 Filiga'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.