Punitai T. K. is 32 and married with 5 children (ages 12 - 21). She owns a business venture selling baked goods in the local community. Punitai has many years of experience in this business. Punitai needs a loan of WST$1500 to purchase new items to expand her product offering. She plans to use the earnings from her business (estimated to be 250 talas or US $104 per week) to improve and expand the business.
In 2009, Punitai joined SPBD. This is her second loan with SPBD. SPBD's loans are Punitai's only access to capital because she was never able to qualify for a loan with traditional banks.
In 2000, Greg Casagrande founded SPBD. 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.