Ferolini is a 26 -year-old woman who is married and has 3 children. To make a living, Ferolini raises crops on a small plantation. While not the only means for generating revenue, the main source of income for the business comes primarily from planting & harvesting taro for sale. Ferolini has been engaged in this business for over 4 years. From these activities, Ferolini earns approximately 800 WST a month.
In 2009, Ferolini joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Ferolini is requesting a loan to purchase farm supplies and equipment to increase the yield of her land. The loan will be the 4th loan taken out by this borrower from SPBD. Ferolini plans to use the additional revenue generated from the business to continue expanding her plantation.
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.