Seluia is 28 years of age and married with one child. She has owned and operated a business selling baked goods in the local community for 1 year. Seluia needs a loan of WST 1,000 to purchase baking powder, sacks of flour and sugar and an oven. She plans to use the profit from her business (estimated to be 450 WST or US $188 per week) to pay for her children's tuition fees.
In 2011, Seluia 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 Seluia'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.