Rosalama, 24 years of age, is married and has no children. She has owned and operated a business selling food products in the local community for 1 year. Rosalama needs a loan of WST 1,000 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 400 WST or US $167 per week) to improve/expand the business.
In 2011, Rosalama 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 Rosalama's 1st 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.