Palolo T. is 37 years old and married. She has 6 children, ages 13 - 25. She owns a business catching and selling farm-raised fish. Palolo has 3 years of experience in this business. Palolo needs a loan of WST $2000 to purchase additional fish to sell. She plans to use the earnings from her business (estimated to be 450 talas or US $188 per week) to improve her house.
In 2006, Palolo joined SPBD. This is her 4th loan from SPBD. SPBD's loans are Palolo's only access to capital because she was never able to qualify for a loan from 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. 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.