Rasela is 27 years old and is married with three children. Rasela owns and operates a business venture, running bingo games. She has four years of experience in this business. Rasela needs a loan of WST 2000 to purchase game prizes. She plans to use the profit from her business (estimated to be 300 talas or $125 per week) to financially support immediate members of her family.
In 2009, Rasela 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 Rasela's third 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.