Iulieta is 40 years old and is married with 7 children.
Iulieta is starting a business venture, baking and selling cookies in the local community. Iulieta needs a loan of WST $1000 to purchase baking equipment. She plans to use the profit from her business (estimated to be 350 talas or US $146 per week) to fund her children`s education and support her family.
Iulieta 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 Iulieta's 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.