Sepoleka is 52 years of age and a widow with 4 children. Sepoleka owns and operates a business venture, selling a variety of different products to the local community. She has 2 years of experience in this business.
Sepoleka needs a loan of WST $1500 to purchase additional products to sell. She plans to use the profits from her business (estimated to be 300 talas or US $125 per week) to pay for her children's tuition fees.
In 2010, Spoleka 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 Sepoleka'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.