Malo is fifty-five years of age and is married with four children.
Malo owns & operates a business venture selling baked goods in the local community. She has three years of experience in this business. Malo needs a loan of WST $2,000 to purchase raw ingredients needed 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 improve/expand the business.
In 2009, Malo 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 Malo's 3rd 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.