In 2007, Filo joined SPBD to access their financial services with the intention of improving her living situation and ability to engage in business activities. Filo has successfully repaid a previous SPBD loan in the amount of 1750 WST, which she had used to purchase general farm supplies and equipment. She is now requesting 2500 WST as her fourth SPBD loan, which she will use to purchase harvesting equipment. Filo plans to use the additional revenue generated to improve or 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.
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.
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