Gwen S. is a 21-year-old woman living in the town of Taufusi S. She is married and has 2 infant children. To make a living, Gwen owns and operates a handicraft business. She sells traditional handicrafts to tourists and local community members. Gwen has been engaged in this business for over 2 years and earns approximately 350 WST a month from these activities.
In 2008, Gwen joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. This will be Gwen's second loan from SPBD. She successfully repaid a loan of 750 WST that she used to invest in her business. Gwen will use this loan of 1500 WST to purchase raw materials to make additional handicrafts. She plans to use the additional revenue to 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.
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.