Senia, 32 years of age, is married and has three children. She owns and operates a business venture, planting and harvesting taro for sale. She has many years of experience in this business. Senia needs a loan of WST 2,500 to purchase general farm supplies and equipment. She plans to use the profit from her business (estimated to be 800 WST or US $333 per week) to improve/expand the business.
Senia 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 Senia's 5th 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.