Faataualofa is 32 years old and married with three children. She plants and harvests bananas for sale. She has two years of experience in this business. Faataualofa needs a loan of 1,500 Samoa talas (WST) to purchase farm supplies and equipment. She plans to use the profit from her sales (estimated to be 350 talas per week) to improve/expand the business.
In 2011, Faataualofa 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 Faataualofa'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.