Aomalu is a 38-year-old woman living in the town of Vailoa Palauli. She is married and has two school-age children.
To make a living, Aomalu runs a general store. Aomalu has been engaged in this business for over two years and earns approximately 1,200 WST a month.
In 2008, Aomalu joined SPBD to gain access to financial services to help improve her business and living situation. Aomalu has successfully repaid a previous loan of 2,000 WST from SPBD. This previous loan was used to purchase additional products to sell.
Aomalu is now requesting a new loan of 2,400 WST, which will be used to purchase stock such as toilet paper, sugar, rice, salt, flour, lollies, snacks, milk and noodles. This will be the fourth loan taken out by Aomalu from SPBD. Aomalu plans to use the additional revenue generated from the loan to improve and expand her business.
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.