Viena is 51 and married with 7 children (ages 15-30). She owns & operates a business venture, selling a variety of different products in the local community. She has 5 years of experience in this business. Viena needs a loan of WST $2000 to invest in renovating the business. She plans to use the earnings from her business (estimated to be 600 talas or US $250 per week) to make improvements to her house.
In 2007, Viena joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is Viena's 4th loan with SPBD.
In 2000, Greg Casagrande founded SPBD 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. Please join SPBD's lending team on KIVA to receive on-the-spot updates on SPBD: http://www.kiva.org/community/viewTeam?team_id=8375
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.