Liaina I. is 36 years old and married, with 9 children. She makes pancakes and buns for a living, and she has many years of experience in this business. Liaina needs a loan of WST 1500 to purchase baking equipment. She plans to use the earnings from her work (estimated to be 400 talas or US $167 per week) to improve and expand the business.
In 2009, Liaina joined SPBD. This is her 2nd loan with SPBD. SPBD's loans are Liaina's only access to capital because she has never been 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. Please join SPBD's lending team on Kiva at http://www.kiva.org/community/viewTeam?team_id=8375 to receive on-the-spot updates on SPBD.
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.