Taufaiesea L. is a 43-year-old woman who lives in the town of Samalaeulu Leauvaa. She is married and has 6 school-aged children. To make a living, Taufaiesea sells dairy products in the local community. Taufaiesea has been engaged in this business for over 3 years and earns approximately 280 WST a month from these activities.
In 2008, Taufaiesea joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Taufaiesea has successfully repaid a previous loan of 750 WST from SPBD. She used her previous loan was used to purchase raw ingredients needed to make products to sell. Taufaiesea is now requesting a new loan of 1000 WST to expand her business. This will be Taufaiesea's 3rd loan from SPBD. Taufaiesea plans to use the additional revenue generated from the business to improve her family's living conditions.
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.