"Patilisi S. (0) is a 40 years-year-old woman living in the town of Lotofaga Aleipata A. She is married and has 6 children adult -aged children. To make a living, Patilisi owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting & harvesting bananas for sale. Patilisi has been engaged in this business for over 4 years and earns approximately 620 tala WST a month from these activities.
In 2006, Patilisi joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Patilisi has successfully repaid a previous loan of 1750 tala WST from SPBD. This previous loan was used to purchase harvesting equipment. Patilisi is now requesting a new loan of 2200 tala WST which will be used to purchase fertilizers such as manure. The loan will be the 6th loan taken out by the borrower from SPBD. Patilisi plans to use the additional revenue generated from the business to improve/expand the borrower's 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.