Koreti, a 53-year-old married mother of six, has been selling dried goods in the local community for five years. Koreti, who joined SPBD in 2009 to gain access to financial services, is requesting a loan of WST $2450 to purchase more raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 350 talas or US $146 per week) to improve/expand the business.
Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral. This will be Koreti's fifth loan with SPBD.