Siatua is a 23-year-old woman living in the town of Tufutafoe. She is single and does not have any children. To make a living, Siatua 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 fruits and vegetables to sell. Siatua has been engaged in this business for over a year and earns approximately 600 WST a month from these activities.
In 2011, Siatua joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Siatua is requesting a loan from SPBD for the first time. Siatua is now requesting a loan of 1000 WST which will be used to purchase general farm supplies and equipment. Siatua plans to use the additional revenue generated from the business 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.