Elisapeta is 38 years old and is married with 4 children.
Elisapeta owns and operates a transportation business venture (taxi service). She has 2 years of experience in this business. Elisapeta needs a loan of WST $1500 to renew her vehicle license and to repaint her vehicle. She plans to use the profit from her business (estimated to be 560 talas or US $233 per week) to improve/expand the business.
In 2010, Elisapeta 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 Elisapeta's 2nd 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.