Toafa is 30 years old and married with three children. She owns & operates a business venture, selling specialty food products in the local community. She has one year of experience in this business. Toafa needs a loan of WST $1000 to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 280 talas or US $117 per week) to financially support immediate members of her family.
In 2012, Toafa 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 Toafa's 1st 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.