Telematina, 33 years of age, is married and has 2 children. For the past 2 years, Telematina has owned and operated a business, selling lavalavas (bottom-half wrap-around prints worn by both men and women). She needs a loan of WST 2,000 to purchase additional fabrics and materials. Telematina plans to use the profit from her business (estimated to be 400 talas or US $167 per week) to make improvements to her house.
In 2011, Telematina 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 Telematina's 3rd 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.