Lesa F. is 58 and married with five children whose ages range from 12 to 34 years. She plants and harvests taro for sale. Lesa has one year of experience in this business.
Lesa needs a loan of 1,000 Samoan talas to purchase weed killers, such as Gramoxome. She plans to use the earnings from her business, estimated to be 400 talas or $167 per week, to improve/expand the business.
In 2010, Lesa joined SPBD. This is her first loan with SPBD. SPBD's loans are Lesa'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, 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.