Faalulugaina is thirty-four years of age and is married with two children. She owns and operates a business venture, selling fried foods in the local community. She has two years of experience in this business. Faalulugaina needs a loan of WST 1,500 to invest in expanding her business. She plans to use the profit from her business (estimated to be WST 150 or US $63 per week) to improve and expand her business.
Faalulugaina 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 Faalulugaina's 2nd 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.