Taumaloto is 52 years old and married with seven children. She runs a small lawn-mowing business in which she cuts grass for people in her community. She has one year of experience with this business.
Taumaloto needs a loan of 1,000 talas to purchase supplies to keep mowing lawns. She plans to use her profits (estimated to be 400 talas per week) to continuing improving her new business.
In 2012, Taumaloto 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 Taumaloto's first 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.