Vitoria is a 44-year-old woman living in the town of Tufutafoe. She is married and has eight adult-aged children. To make a living, Vitoria owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting taro for sale. Vitoria has been engaged in this business for over four years and earns approximately 480 WST a month from these activities.
In 2008, Vitoria joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Vitoria has successfully repaid a previous loan of 1650 WST from SPBD. This previous loan was used to purchase harvesting equipment. Vitoria is now requesting a new loan of 1750 WST which will be used to purchase general farm supplies and equipment. The loan will be the fourth loan taken out by the borrower from SPBD. Vitoria plans to use the additional revenue generated from the business to make improvements to her 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.