Suitupe is 43 years old and married with three children. For the past four years, she has owned and operated a bakery and she sells baked goods in her local community. Suitupe joined SPBD to gain access to financial services and this will be her fifth loan. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral.
Suitupe is requesting a 2,500 WST loan to purchase the raw ingredients she needs to make products to sell. She plans to use the profit from her loan (estimated to be 800 WST or 333 USD per week) to improve and expand her business.
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.