Aleta V. is a 38-year-old woman living in the town of Salamumu Tai. She is married with one school-aged child. To make a living, Aleta raises crops. While not the only means for generating revenue, the main source of income comes from planting and harvesting bananas for sale. Aleta has been engaged in this business for over four years and earns approximately 800 WST a month.
Aleta joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Aleta has successfully repaid a previous loan, to purchase general farm supplies and equipment, of 750 WST from SPBD. Aleta is now requesting a new loan of 1500 WST which will be used for the same purpose. The loan will be her fifth loan from SPBD. Aleta plans to use the additional revenue generated to improve the general living conditions of her family.
SPBD's mission is to improve the quality of life of people living in poverty in the poor island nations of the South Pacific. SPBD's philosophy of lending is based on a respect for each individual's innate human ingenuity, drive and self esteem.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.