Easter is 41 years of age and she is married with five children. Easter is starting a business venture, selling dairy products in the local community. Easter needs a loan of WST $1500 to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 450 talas or US $188 per week) to improve/expand the business.
In 2010, Easter 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 Easter'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.