Lea is 45 years of age and married with five children. Lea owns & operates a business venture, driving a taxi. She has 3 years of experience in this business. Lea needs a loan of WST $1000 to purchase car parts and paints to re-paint the taxi. She plans to use the profit from her business (estimated to be 500 talas or US $208 per week) to improve/expand the business.
In 2010, Lea 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 Lea'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.