Rosalia is 44 years old and married with five children. She owns and operates a business venture, planting and harvesting taro for sale. She has many years of experience in this business.
Rosalia needs a loan of WST $2,250 to purchase general farm supplies and equipment. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to financially support the immediate members of her family.
In 2008, Rosalia joined SPBD to gain access to financial services. Because they lack collateral, most of SPBD's clients are unable to borrow from commercial banks. This is Rosalia's fourth 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.