Senara is a 40-year-old woman living in the town of Patamea. She is married and has 5 adult children. To make a living, Senara owns and operates a taro and banana plantation. Senara has been engaged in this business for more than six years and earns approximately 700 WST a month from these activities.
In 2008, Senara joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Senara has successfully repaid a previous loan of 2,000 WST from SPBD. This previous loan was used to purchase general farm supplies and equipment. Senara is now requesting a new loan of 2,000 WST which will be used to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. The loan will be Senara's fourth loan from SPBD. Senara 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.