Samutia is forty three years old and is married with three children. Samutia owns and operates a business venture selling a variety of different products in the local community. She has many years of experience in this business. Samutia needs a loan of WST $1,500 to purchase assorted goods such as snacks,bag of rice,sugar,salt ,flour,lollies,cnt of herring,frozen meat.She plans to use the profit from her business (estimated to be 500 talas or US $208 per week) to improve/expand the business.
In 2010, Samutia 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 Samutia '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.