Luisa is a 32-year-old woman living in the town of Salelologa. She is married and does not have any children. To make a living, Luisa owns and operates a business venture in the food sector, making and selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling baked goods in the local community. Luisa has been engaged in this business for over 2 years and earns approximately 500 Samoa talas (WST) (approximately $250 USD) a month from these activities.
In 2011, Luisa joined SPBD to gain access to financial services to help improve her living situation and gain the ability to engage in business activities. Luisa requested her first loan of 1,000 WST from SPBD, which will be used to purchase raw ingredients needed to make products to sell. Luisa 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.