Vasati is a 49-year-old woman living in the town of Fusi Safotulafai. She is married and has 6 adult-aged children. To make a living, Vasati owns and operates a business venture in the agriculture sector raising crops. The main source of income from the business comes from planting and harvesting taro to sell. Vasati has been engaged in this business for over three years and earns approximately 800 WST per month from these activities.
In 2008, Vasati joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Vasati has successfully repaid a previous loan of 2,000 WST from SPBD. This previous loan was used to purchase fertilizers such as manure.
Vasati is now requesting a new loan of 2,400 WST, which will be used to purchase general farm supplies and equipment. The loan will be the fifth loan taken out by Vasati from SPBD.
She plans to use the additional revenue generated from her 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.