Makerita is forty-eight years old and married with six children. She owns and operates a small plantation, planting and harvesting taro for sale. She has many years of experience in this business. Makerita needs a loan of WST $1,500 to purchase general farm supplies and equipment. She plans to use the profit from her sales (estimated to be 300 Talas per week) to improve and expand the business.
In 2011, Makerita 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 Makerita'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.