Eseta F. is 53 years old and is married with 7 children. She has 5 years of experience in the Taro plantation business. Eseta sells to the school, village people and general public 5 days a week. She will use her loan to pay for her children’s school fees and also buy timber and cement for her house renovation. She has requested 1 loan previously from SPBD. She expects her weekly net cash flow to be 70 WST. SPBD loans are Eseta’s only access to capital because she was never able to qualify for a loan with the traditional banks.
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.