Kaisarina is 42 years of age and married with seven children. Kaisarina owns & operates a business selling baked goods in the local community. She has two years of experience in this business. Kaisarina needs a loan of WST $2,000 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 300 talas per week) to improve/expand the business.
Kaisarina 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 Kaisarina's third 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.