Mouena C. is 24 and engaged with 1 child. She owns a business venture planting, harvesting and selling fruits & vegetables. She has 3 years of experience in this business.
In 2008, Mouena joined SPBD. SPBD's loans are Mouena's only access to capital because she was never able to qualify for a loan with traditional banks. She has had 2 previous loans with this organization, and is asking for a new loan of WST 2,000 to purchase additional seeds, seedlings & young crops to raise. She plans to use the earnings from her business (estimated to be 250 talas or US $104 per week) to improve and expand her business.
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.