Sosina Suilaulau is 56 and married with 5 children. She owns a business venture, planting & harvesting taro for sale. Sosina has 3 years of experience in this business. Sosina needs a loan of WST $2000 to purchase weed-killers such as Gramoxome. She plans to use the earnings from her business (estimated to be 560 talas or US $233 per week) to improve/expand the business.
In 2008, Sosina joined SPBD. This is her 3rd loan with SPBD. SPBD's loans are Sosina '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.
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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.