Ulima, 35 years of age, is married and has 3 children. For the past 2 years, Ulima has owned and operated a business selling dairy products in the local community. She needs a loan of WST 1,500 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 350 talas or US $146 per week) to improve/expand the business.
In 2011, Ulima 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 Ulima'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.