Luafulu is 41 years old and married with 2 children. She owns and operates a business venture selling daily use products such as shampoo, soap and toothpaste in the local community. She has 4 years of experience in this business.
Luafulu needs a loan of $2,000 WST to purchase additional products to sell. She plans to use the profit from her business (estimated to be 500 talas or US $208 per week) to improve and expand the business.
In 2009, Luafulu 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 Luafulu'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.