Loreta is a married thirty-three-year-old woman with three children. She runs a small plantation, planting and harvesting bananas for sale. She has many years of experience in this business. Loreta needs a loan of WST $2,000 to invest in expanding the business. She plans to use the profit from her business (estimated to be 150 Talas per week) to continue improving her banana sales.
In 2010, Loreta 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 Loreta '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.