Laumata is 23 years of age. She is married and has no children.
Laumata owns and operates a business venture, selling dried goods in the local community. She has two years of experience in this business. Laumata needs a loan of WST 1,500 to purchase additional utensils such as frying pan, an oven, and storage cotainers. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to improve and expand her business.
In 2009, Laumata 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 Laumata'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.