Venise, 23 years of age, is married and has two children. She owns and operates a business selling baked goods in the local community. She has 1 year of experience in this business. Venise needs a loan of WST 1,000 to purchase ingredients to produce more goods. She plans to use the profit from her business (estimated to be 200 WST or US $83 per week) to improve/expand the business.
In 2011, Venise 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 Venise'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.