Lisa is 42 years of age and married with 4 children. She owns and operates a business venture, planting and harvesting a variety of vegetables to sell. She has 2 years of experience in this business. Lisa needs a loan of WST $1450 to purchase additional seeds, seedlings, and young crops to raise. She plans to use her profits (estimated to be 500 talas or US $208 per week) to improve and expand the business.
In 2011, Lisa 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 Lisa's 2nd 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.