Ela N. is a 54-year-old woman living in the town of Asaga. She is married and has 8 adult children. To make a living, Ela owns & operates a bakery. While not the only means for generating revenue, the main source of income for the business comes from baking & selling a variety of confectioneries such cookies and cakes in the local community. Ela has been engaged in this business for over 3 years and earns approximately 400 WST a month from these activities.
In 2009, Ela joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Ela is now requesting a loan of 1000 WST which will be used to invest in expanding the business. This will be the 1st loan taken out by the borrower from SPBD. Ela 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.