Koleta is 59 years of age and she is a widow with six children. Koleta owns & operates a business venture, planting & harvesting fruits & vegetables for sale. She has 2 years of experience in this business. Koleta needs a loan of WST 1500 to purchase general farm supplies & equipment. She plans to use the profit from her business (estimated to be 108 talas or US $45 per week) to supplement her family's income.
In 2008, Koleta 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 Koleta'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.