Mariana is forty-two years old and married with three children. She bakes and sells a variety of baked goods in the local community. She has four years of experience with this business venture. Mariana needs a loan of WST $1,000 to purchase additional cooking ingredients to supply her baking. She plans to use the profit from her business (estimated to be 500 Talas per week) to continue expanding the business.
In 2012, Mariana 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 Mariana's first 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.