Talalelei is a 62-year-old woman living in the town of Lalomalava. She is married and has six adult children. To make a living, Talalelei owns and operates a business raising crops. The main source of income for the business comes from planting and harvesting taamu for sale. Talalelei has been engaged in this business for over three years and earns approximately WST 720 a month from these activities.
In 2009, Talalelei joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Talalelei has successfully repaid a previous loan of WST 1,000 from SPBD. This earlier loan was used to buy general farm supplies and equipment. Talalelei is now requesting a new loan of WST 1,500, which will be used to purchase sacks of fertilizer and Gromozone. This loan will be her fourth loan from SPBD. Talalelei plans to use the additional revenue to make improvements to her house.
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.