Lesina is 29 years old and is married with three children. Lesina owns and operates a business venture, selling specialty hand-woven products to tourists and local community members. She has two years of experience in this business. Lesina needs a loan of WST 1500 to purchase raw materials to make mats and mattresses. She plans to use the profit from her business (estimated to be 450 talas or $188 per week) to improve and expand the business.
In 2010, Lesina 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 Lesina'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.