Fetuao S. is 41 and married with seven children. She owns a business baking bread, scones and buns. Fetuao has three years of experience in this business. Fetuao needs a loan of WST$1300 to purchase additional cooking ingredients. She plans to use the earnings from her business (estimated to be 100 talas or US $42 per week) to pay for her children's tuition fees.
In 2008, Fetuao joined SPBD. This is her third loan with SPBD. SPBD's loans are Fetuao'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 and to 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.