Foloi is 50 years old and married with four children. She plants and harvests bananas for sale. She has two years of experience in this business. Foloi needs a loan of WST $1,500 to purchase weed killers such as Gramoxome. She plans to use the profit from her business (estimated to be 350 talas or US $146 per week) to continue improving her plantation.
In 2011, Foloi 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 Foloi's second loan from 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.