Naomi is thirty years of age and is married with two children.
Naomi owns & operates a business venture, selling a variety of different products in the local community. She has 4 years of experience in this business. Naomi needs a loan of WST $2,450 to purchase additional products such as sugar, flour, salt, and snacks to sell. She plans to use the profit from her business (estimated to be 800 talas or US $333 per week) to improve the general living conditions of her family.
Naomi 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 Naomi 's 4th 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.