Marital Status: Married
Business: Catching & selling farm-raised fish
Loan purpose: To purchase additional fish to raise
Weekly profit: 400 Samoan talas (WST)
Overall Social Metric Score:* 1.5 out of 3
Level of Education: 1.5 out of 3
Level of Total Household Income: 1.5 out of 3
Quality of Household Assets: 1.65 out of 3
F. owns and operates a business venture catching and selling farm-raised fish. She has 4 years of experience in this business. F. needs a loan of 2000 WST to purchase additional fish to raise. She plans to use the profit from her business (estimated to be 400 WST per week) to improve and/or expand the business.
F. joined SPBD in 2006 to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral. This is F.'s 4th loan with SPBD.
In 2000, Greg Casagrande founded South Pacific Business Development to improve the quality of life of people living in poverty in the poor island nations of the South Pacific. SPBD's philosophy of lending is based on respect for each individual's innate human ingenuity, drive, and self esteem. Please join SPBD's lending team on Kiva to receive updates on SPBD.
*SPBD evaluates the living conditions of each of its borrowers. Generally, a loan manager evaluates a variety of social metrics on a scale up to 3--the higher the number, the better off the person. The metrics are averaged for the "overall social metric score." For example, a 3 out of 3 on "level of education" would mean that the borrower has graduated from university.
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.