Lotolelei is a 37-year-old woman living in the town of Salelavalu Uta. She is married and has 4 school-aged children. To make a living, Lotolelei owns & operates a business raising cattle for sale. She has been engaged in this business for over 3 years and earns approximately 800 WST a month from these activities.
In 2009, Lotolelei joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 1000 WST from SPBD, used to purchase baby livestock to raise, and is now requesting a new loan of 1450 WST to purchase livestock feed & other supplies. The loan will be the third taken out by the borrower from SPBD. Lotolelei plans to use the additional revenue generated from the business to improve/expand the 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.