Luatimu is thirty three years of age and is married with two children. Luatimu owns and operates a business venture, where she plants and harvests fruits and vegetables for sale. She has one year of experience in this business. Luatimu needs a loan of WST $1000 to purchase equipment and chemicals. She plans to use the profit from her business (estimated to be 250 talas or US $104 per week) to improve/expand the business.
Luatimu 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 Luatimu's 1st 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.