Eseta is 58 years of age,married and has 11 children.
Eseta owns and operates a business venture, planting and harvesting taro for sale. She has five years of experience in this business. Eseta needs a loan of WST 2,200 to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets and knives. She plans to use the profit from her business (estimated to be WST 300 or USD $125 per week) to improve or expand the business.
Eseta 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 Eseta's fifth 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.