Falala E. is a 48-year-old woman who lives in Samalaeulu Leauvaa. She is married and has 6 school-aged children. To make a living, Falala runs a bakery where she bakes & sells a variety of baked goods to the local community. Falala has been engaged in this business for over 2 years and earns approximately 400 WST a month from these activities.
In 2009, Falala joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Falala is requesting for the first time a loan from SPBD. Falala is now requesting a new loan of 1000 WST which will be used to purchase additional cooking ingredients. This will be her first loan from SPBD. Falala plans to use the additional revenue generated from the business to improve/expand her business.
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.