"Eseta S. is 52 and married with 6 children between 12 and 25. She is starting a business venture selling puletasi (Samoan formal wear). Eseta needs a loan of WST$1000 to purchase additional fabrics and materials. She plans to use the earnings from her business (estimated to be 450 talas or US $188 per week) to improve and expand the business.
In 2010, Eseta joined SPBD and this is her first loan. SPBD's loans are Eseta's only access to capital because she was never able to qualify for a loan with traditional banks.
About SPBD: 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.