Asoitupu is a 29-year-old woman living in the town of Salelavalu Uta. She is married and has three school-aged children. To make a living, Asoitupu grows crops. The main source of income for the business comes primarily from planting and harvesting fruits and vegetables for sale. Asoitupu has been engaged in this business for more than one year and earns approximately 400 WST a month from these activities.
In 2011, Asoitupu joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Asoitupu requested her first loan of 1,000 WST from SPBD, which will be used to purchase fertilizers such as manure. Asoitupu plans to use the additional revenue generated from the business to improve/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.