Lotoi L. is 45, married, and has three children aged from six to sixteen. She owns a business venture planting and harvesting fruits and vegetables for sale. Lotoi has two years' experience in this business. Lotoi is requesting a loan of 1,250 WST to purchase additional seeds, seedlings and young crops to raise. She plans to use the earnings from her business (estimated to be 350 WST per week) to improve and expand her business.
Lotoi joined Kiva partner, SPBD, in 2009, and this is her second loan. SPBD's loans are Lotoi's only access to capital because she was never able to qualify for a loan with traditional banks.
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.