Tua A. is 45, married, and has one child. She owns a business venture selling baked goods in the local community. Tua has one year of experience in this business. She is requesting a loan of 1,000 WST to purchase additional products to sell. She plans to use the earnings from her business (estimated to be 450 WST per week) to improve and expand her business.
Tua joined Kiva partner, SPBD, in 2010, and this is her first loan. SPBD's loans are Tua'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.