Siulia is 55 years of age and is married with five children. She owns and operates a business venture, selling daily use products such as shampoo, soap and toothpaste in the local community. She has two years of experience in this business. Siulia needs a loan of WST $1500 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 450 talas or US $188 per week) to improve/expand the business.
In 2010, Siulia 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 Siulia'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.