In 2005, Lalotea joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Lalotea has successfully repaid a previous loan of 1250 tala from SPBD. This previous loan was used to purchase a fishing boat. Lalotea is now requesting a new loan of 1000 tala which will be used to invest in expanding the business. The loan will be her third from SPBD. Lalotea plans to use the additional revenue generated from the business to improve her family's general living conditions.
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.
About SPBDSouth 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.
111View loans »