Piula is 35 years of age and is married with three children.
Piula owns and operates a business venture selling beef products in the local community. She has four years of experience in this business. Piula needs a loan of 2,250 talas (WST) 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 pay for her children's tuition fees.
Piula 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 Piula'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.