Nella is 51, married, and has five children. She owns and operates a business selling food products in her local community. She has two years of experience in this business. Nella needs a loan of 1,500 WST to purchase new ingredients in order to expand her product offerings. She plans to use the profit from her business (estimated to be 400 WST per week) to financially support immediate members of her family.
In 2011, Nella 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 Nella's second 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.