Paulia is 57 years of age and married with seven children.
Paulia owns & operates a business venture selling pancakes. She has three years of experience in this business. Paulia needs a loan of WST $2500 to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 350 talas or US $146 per week) to financially support immediate members of her family.
In 2008, Paulia 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 Paulia's 4th 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.