Mary is a married woman and she is 18 years of age, with one child.
Mary owns and operates a business venture, selling daily use products such as shampoo, soap, and toothpaste in the local community. She has three years of experience in this business. Mary needs a loan of WST 2000 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 400 talas or US $167 per week) to improve and expand the business.
In 2009, Mary 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 Mary's fifth 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.