Utumalie is 35 years of age and married with 4 children. She owns and operates a business venture planting and harvesting taro for sale. She has 3 years of experience in this business.
Utumalie needs a loan of 2000 Samoan talas (WST) to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the profit from her business (estimated to be 400 talas, or US $167 per week) to improve/expand the business.
Utumalie joined SPBD in 2010 to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral. This is Utumalie's third 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.