Leata is 40 years old. She is married and has no children. Leata owns and operates a business venture selling baked goods in the local community. She has three years of experience in this business. Leata needs a loan of 1000 WST to purchase sacks of flour, sacks of sugar and an oven. She plans to use the profit from her business (estimated to be 300 talas or $125 per week) to improve and expand her business.
Leata 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 Leata's second 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.