Vaai is 45 years old and married. She has 6 children. She owns & operates a business venture, providing general alteration & tailoring services to local community members. She has 3 years of experience in this business. Vaai needs a loan of WST $2000 to purchase additional fabrics & materials. She plans to use the profit from her business (estimated to be 550 talas or US $229 per week) to pay for her children's tuition fees.
In 2009, Vaai 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 Vaai's 4th 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.