Elisapeta is a 34-year-old woman living in the town of Patamea. She is married and has 2 school-aged children. To make a living, Elisapeta 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. Elisapeta has been engaged in this business for over four years and earns approximately 400 WST a month from these activities.
In 2010, Elisapeta joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Elisapeta has successfully repaid a previous loan of 1,000 WST from SPBD. The previous loan was used to purchase general farm supplies and equipment. Elisapeta is now requesting a second loan of 1,000 WST which will be used to purchase sacks of fertilizer and gromozones (herbicide). Elisapeta plans to use the additional revenue generated from the loan 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.