Christina is 42 years old and married with eight children. She is starting a business harvesting taro.
Christina needs a loan of 1300 WST to purchase harvesting equipment, such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the profit from her business (estimated to be 400 WST, or about 167 USD, per week) to pay for her children's tuition fees.
In 2008, Christina 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 Christina's third 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.