Afiafiese S. is 41 and married with 8 children. She owns a business venture, selling ice-cakes (flavored ice in styrofoam cups). Afiafiese has 4 years of experience in this business. Afiafiese needs a loan of WST $2450 to buy sugar, styrofoam cups, and codial (flavoring). She plans to use the earnings from her business (estimated to be 500 talas or US $208 per week) to improve/expand the business.
Afiafi wishes to keep her business development on going as she requests for another fund to support and assist her family financially. Afiafiese joined SPBD. This is her 5th loan with SPBD. SPBD's loans are Afiafiese'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.