Sela is married and she's 47 years of age. She has two children.
Sela owns and operates a business venture, selling both food and daily use products in the local community. She has three years of experience in this business.
Sela needs a loan of WST 2,000 to purchase snacks, soft drinks, flour, sugar, salt, tin fish, mosquito coils and chicken leg quarters. She plans to use the profit from her business (estimated to be WST 450 or US $188 per week) to improve and expand the business.
Sela 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 Sela 's third 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.