Onolina is 19 years old and single. She is starting a business planting and harvesting a variety of vegetables for sale.
Onolina needs a loan of 1500 WST to purchase additional seeds and young crops to raise. She plans to use the profit from her business (estimated at 400 WST, or about 167 USD, per week) to improve and expand the business.
In 2011, Onolina 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 Onolina's second 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.