Ia I. is a 45--year-old woman living in the town of Toamua. She is married and has three children school-aged children. Ia owns and operates a business venture in the services sector. The main source of income for the business comes primarily from providing general services to local community members. Ia has been engaged in this business for over five years.
In 2005, Ia joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Ia has successfully repaid a previous loan of 2650 tala WST from SPBD. This previous loan was used to purchase materials needed to expand services provided. Ia is now requesting a new loan of $1,050 which will be used to purchase more materials needed to provide her services. The loan will be the 6th loan taken out by the borrower from SPBD. Ia 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.