Silia is 25 years of age and single with one child.
Silia owns & operates a business baking & selling a variety of baked goods in the local community. She has two years of experience in this business. Silia needs a loan of WST $1,500 to purchase additional ingredients to increase production. She plans to use the profit from her business (estimated to be 250 talas or US $104 per week) to improve/expand the business.
Silia 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 Silia's second 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.