Tele is 48 years of age and is married with six children. Tele owns and operates a business venture, providing dress-making services to local community members. She has many years of experience in this business. Tele needs a loan of WST 1000 to purchase additional fabrics & materials. She plans to use the profit from her business (estimated to be 500 talas or US $208 per week) to improve/expand the business.
In 2011, Tele 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 Tele's 1st 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.