Julie is 41 years of age. She is married and has two children.
Julie sells snacks and other delicacies in the local community. She has two years of experience in this business.
Julie needs a loan of WST $1,500 to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 500 WST or US $208 per week) to improve and expand the business.
In 2010, Julie 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 Julie'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.