Nive is 64 years old and married with 9 children from 22 to 42 years old. She runs a small farm, planting & harvesting taro to sell, which is a Samoan staple. She has 1 year of experience in this business. Nive needs a loan of WST $1,000 to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the profit from her sales (estimated to be 400 talas per week) to continue improving the business.
In 2012, Nive joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is her 1st loan with SPBD.
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.