Sosoli is a 23-year-old woman living in the town of Salelologa Iuopapa. She is single and does not have any children. To make a living, Sosoli owns and operates a business venture, making and selling food. The main source of income for the business comes primarily from selling fried foods in the local community. Sosoli has been engaged in this business for over 2 years and earns approximately 800 WST a month.
In 2011, Sosoli joined SPBD to gain access to financial services in order to help improve her living situation and her business. Sosoli is requesting a first-time loan from SPBD of 1,000 WST, which she will use to purchase cooking utensils and an oven for her business. Sosoli plans to use the additional revenue generated from the business 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.