Merita is 50 years old. She is married and has five children.
Merita owns and operates a business venture, selling dried goods in the local community. She has three years of experience in this business. Merita needs a loan of WST 2,500 to purchase raw ingredients needed such as flour, sugar, oil, and cordials to make products for sale. She plans to use the profit from her business (estimated to be 400 talas or US $167 per week) to supplement her family's income.
In 2008, Merita 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 Merita's fourth 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.