Rosina F. is 38 and married with 3 children (ages 1 - 5). She owns a business venture, planting & harvesting taro for sale. Rosina has 1 year of experience in this business. Rosina needs a loan of WST $1000 to purchase weed-killers such as Gramoxome. She plans to use the earnings from her business (estimated to be 450 tala or US $188 per week) to improve/expand the business.
In 2010, Rosina joined SPBD. This is her 1st loan with SPBD. SPBD's loans are Rosina's only access to capital because she was never able to qualify for a loan with traditional banks.
In 2000, Greg Casagrande founded SPBD and since then, it has expanded from the main island of Upolu in Samoa to Savaii, as well as Tonga. SPBD's philosophy of lending is based upon the Grameen Bank lending method.
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.