Elena is 45 years old. She is married and has six children.
Elena owns and operates a business venture, planting and harvesting taro to sell. She has two years of experience in this business. Elena is requesting a loan of 1,500 WST to purchase land to raise additional crops. She plans to use the profit from her business (estimated to be 512 WST or $213 per week) to improve her family’s general living conditions.
In 2010, Elena joined SPBD in order to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is Elena'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.