Fiailoa is 61 years old and married with ten children between the ages of 23 and 40. She owns and operates a business planting and harvesting taro to sell. Fiailoa has two years of experience in this business.
Fiailoa joined SPBD in 2010 to gain access to financial services and this will be her second loan. Most of SPBD’s clients are unable to borrow from commercial banks because they lack collateral. Fiailoa is requesting a loan of 1,500 WST to purchase weed-killers such as Gramoxome. Fiailoa plans to use the profit from her business (which is estimated to be 208 USD weekly) to improve and expand her business.
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.