Epenesa is 60 years old and is married with four children. Epenesa owns and operates a business selling baked goods in the local community. She has two years of experience in this business. Epenesa needs a loan of 1,500 WST to purchase new equipment and tools to expand the business. She plans to use the profit from her business (estimated to be $125 per week) to improve and expand the business.
In 2010, Epenesa 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 Epenesa'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.