Miki is 32 years old, married, and has five children. She owns and operates a small business selling fried foods in the local community. She has one year of experience in this business. Miki needs a loan of 1,000 WST to purchase raw ingredients needed to make products for sale. She plans to use the profit from her sales to continue expanding her business.
In 2012, Miki 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 Miki'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.