Naomi is sixty four years old and a widow with six children. She has owned a business selling general farm supplies and equipment to local farmers for two years. Naomi needs a loan of WST $1,500 to purchase general agricultural supplies and equipment. She plans to use the profit from her business (estimated to be 200 talas or US $83 per week) to improve and expand the business.
In 2010, Naomi 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 Naomi'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.