Sesaria is 30 years old. She is married and has one child.
Sesaria owns and operates a business venture, selling dairy products in the local community. She has two years of experience in this business. Sesaria is requesting a loan of 1,500 WST in order to purchase the raw ingredients needed to make the products she sells. She plans to use the profit from her business (estimated to be 400 WST or $167 per week) to pay her child's tuition fees.
In 2010, Sesaria 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 Sesaria'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.