Pulumatau, age 49, is a taro farmer. Her primary income comes from planting and harvesting taro and offering her produce for sale. Pulumatau has been engaged in this business for over four years and earns approximately 640 WST a month from these activities. She is married and lives in the town of Neiafu Uta. She and her husband have raised three children, now grown.
Earlier this year, Pulumatau joined SPBD to gain access to financial services. She hoped to help improve her living situation and increase her ability to engage in business activities. Pulumatau is requesting her first loan from SPBD in the amount of 1,000 WST, which will be used to purchase general farm supplies and equipment.
Pulumatau plans to use the additional revenue generated from the business 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.