Sola is a 18-year-old woman living in the town of Paia. She is married and does not have any chlidren. Sola owns & operates a business venture, raising crops. The main source of income for the business comes from planting & harvesting taro for sale. Sola has been engaged in this business for over 3 years and earns approximately 1200 WST a month from these activities.
In 2012, Sola joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Sola is requesting a loan of 1000 WST from SPBD for the first time. This loan will be used to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. Sola 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.