Litara is 31 years of age and married with two children. Litara owns & operates a business venture, planting & harvesting taro for sale. She has many years of experience in this business. Litara needs a loan of WST $1000 to purchase general farm supplies & equipment such as knives, spade, axe, sharpener and a wheel-barrow. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to financially support immediate members of her family.
In 2009, Litara 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 Litara's 3rd 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.