Melania is 35 years old and married with 1 child. She is starting a business venture selling breadfruit products in the local community. Melania needs a loan of $1,000 WST to purchase raw ingredients needed to make products, such as breadfruit chips, for sale. She plans to use the profit from her business (estimated to be 350 talas per week) to financially support immediate members of her family.
Melania 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 Melania'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.