Pele is 47 years of age, married and has 5 children.
Pele owns & operates a business venture planting & harvesting taro for sale. She has had many years of experience in this business. Pele needs a loan of WST $2000 to purchase weed-killers such as Gramoxome. She plans to use the profit from her business (estimated to be 750 talas or US $313 per week) to improve and expand the business.
Pele 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 Pele's 3rd 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.