Valasi, age 24, is starting up a business venture preparing and selling breadfruit products in her local community. She and her husband have two children.
Valasi needs a loan of WST $1,000 in order to purchase the raw ingredients needed to make her products, such as breadfruit chips, to offer for sale. She plans to use the profit from her business (estimated to be 350 talas per week) to financially support immediate the members of her family.
Valasi 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 Valasi'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.