Selina is an 18-year-old woman living in the town of Patamea. She is married and does not have any children. Selina owns and operates a business venture in the agriculture sector raising crops. The main source of income for the business comes primarily from planting and harvesting taro for sale. Selina has been engaged in this business for over 5 years and earns approximately 300 WST a month from these activities.
In 2012, Selina joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Selina is now requesting a new loan of 1,000 WST, which will be used to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. The loan will be the first loan taken out by the borrower from SPBD. Selina plans to use the additional revenue generated from the business to improve/expand her business.
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.