Liua-Isapela, age 29, is a farmer. Her primary income is derived from from planting and harvesting fruits and vegetables to offer for sale. Liua-Isapela has been engaged in this business for over five years and earns approximately 1,200 WST a month from her work. She and her husband have one school-aged child.
In 2010, Liua-Isapela joined SPBD to gain access to financial services. Her purpose was to help improve her living situation and increase her ability to engage in business activities. Liua has successfully repaid a previous loan of 1,000 WST from SPBD. This previous loan was used to purchase seedlings and sacks of fertilizer.
Liua-Isapela is now requesting a new loan of 1,450 WST which will be used to purchase general farm supplies and equipment. The loan will be the second loan taken out by the borrower from SPBD. Liua-Isapela plans to use the additional revenue generated from the business to make improvements to her family house.
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.