Elisabeth is 21 years old and married with three children. She sells baked goods in the local community. She has two years of experience in this business.
Elisabeth needs a loan of 1,500 Samoa talas (WST) to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 350 talas or about US $146 per week) to improve/expand the business.
In 2011, Elisabeth 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 Elisabeth's second 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.