Folole is twenty-seven years of age and is married with two children.
She owns and operates a business venture, selling specialty food products in the local community. She has six years of experience in this business.
Folole needs a loan of WST 2,000 to purchase new items to expand her product offering. She plans to use the profit from her business (estimated to be 260 talas or US $108 per week) to improve/expand the business.
Folole joined SPBD to gain access to financial services. Because they lack collateral, most of SPBD's clients are unable to borrow from commercial banks. This is Folole'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.