Lusa is a 36-year-old woman living in the town of Safotu. She is married and has four school-aged children. To make a living, Lusa owns and operates a business raising crops. While not the only means for generating revenue, the main source of income for the business is planting and harvesting bananas for sale. Lusa has been engaged in this business for over three years and earns approximately 1500 WST a month from these activities.
In 2008, Lusa joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Lusa has successfully repaid a previous loan of 1900 WST from SPBD. This previous loan was used to purchase general farm supplies and equipment. Lusa is now requesting a new loan of 2000 WST, which will be used to purchase weed killers, such as Gramoxome.
This loan will be the fourth loan Lusa has taken from SPBD. She plans to use the additional revenue generated 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.