Puna is 36 years old and married with five children. She is starting a business venture, growing and harvesting a variety of crops for sale. Puna needs a loan of 1,000 Samoa talas (WST) to purchase weed-killers such as Gramoxome. She plans to use the profit from her business (estimated to be 300 talas per week) to continue improving her land.
In 2012, Puna 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 Puna'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.