Isapela is 36 years old and married with four children. For the past three years, she has owned and operated a business planting, harvesting, and selling fruits and vegetables. Isapela joined SPBD in 2009 to gain access to financial services and this will be her third loan. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral.
Isapela is requesting a 1,800 WST loan to purchase general farm supplies and equipment. She plans to use the profit from her loan (estimated to be 300 WST or 125 USD per week) 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.