Mu is 38 years of age and is married with 6 children. Mu owns and operates a business venture of raising pigs and chicken for sale. She has 3 years of experience in this business.
Mu needs a loan of WST $1500 to upgrade her business status. She plans to use the profits from her business (estimated to be 400 talas or US $167 per week) to pay for her children's tuition fees.
In 2009, Mu 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 Mu's third 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.