Nellie is 27 years of age and is married with 3 children. Nellie owns and operates a business venture, baking and selling a variety of baked goods to the local community. She has 2 years of experience in this business.
Nellie needs a loan of WST $1500 to purchase baking equipment. She plans to use the profits from her business (estimated to be 250 talas or US $104 per week) to improve/expand the business.
In 2011, Nellie 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 Nellie'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.