Siatunuu is 22 years old. She is married and has two children.
Siatunuu owns and operates a business venture, catching and selling ocean-caught fish. She has two years of experience in this business. Siatunuu is requesting a loan in the amount of 1,000 WST to purchase fishing equipment including hooks and nets. She plans to use the profit from her business (estimated to be 300 WST or $125 per week) to improve and/or expand the business.
In 2011, Siatunuu 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 Siatunuu's first 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.