Osooso, 28 years of age, is married and has one child. She owns and operates a business selling a variety of different products in the local community. She has many years of experience in this business. Osooso needs a loan of WST 1,000 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 600 WST or US $250 per week) to improve/expand the business.
Osooso 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 Osooso's 2nd 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.