Luse is seventy-four years of age and is married with seven children. She owns & operates a business venture, selling hand-made crafts. She has 10 years of experience in this business.
Luse needs a loan of WST $2000 to purchase additional crafts to sell. 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 2008, Luse 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 Luse's 3rd 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.