Saala is 36 years of age and married. She has four children.
Saala owns and operates a business venture, baking and selling a variety of baked goods in the local community. She has four years of experience in this business.
Saala needs a loan of WST 2,000 to purchase raw products such as flour and sugar as well as an additional oven to help with the baking. She plans to use the profit from her business (estimated to be 200 WST or US $83 per week) to improve and expand the business.
Saala 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 Saala'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.