Malia is 75 years old, a widow with seven children.
Malia Pepe owns & operates a business venture selling dairy products in the local community. She has many years of experience in this business. Malia Pepe needs a loan of WST $2500 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 260 talas or US $108 per week) to improve/expand the business.
In 2006, Malia Pepe 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 Malia Pepe's 5th 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.