Lafoai is 55 years of age and married with five children. She has owned and operated a business selling soft drinks in the local community for 4 years. Lafoai needs a loan of WST $2500 to to purchase a refrigerator for storage of drinks. She plans to use the profit from her business (estimated to be 500 WST or US $208 per week) to improve/expand the business.
In 2009, Lafoai 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 Lafoai's 5th 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.