Faaloiloia is 30 years old and has three children.
Faaloiloia owns and operates a business venture, selling baked goods in the local community. She has one year of experience in this business. Faaloiloia needs a loan of WST 1,000 to purchase sacks of flour, sugar and baking powder. She plans to use the profit from her business (estimated to be 340 talas or US $142 per week) to improve and expand her business.
In 2012, Faaloiloia 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 Faaloiloia'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.