Malama is a 40-year-old woman who is married with 5 children. She owns and operates a business venture, planting and harvesting fruits and vegetables for sale. She has many years of experience in this business.
Malama needs a loan of WST 1500 to purchase additional seeds, seedlings and young crops to raise. She plans to use the profit from her business (estimated to be 350 Talas per week) to continue improving her land.
Malama 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 Malama 's 2nd 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.