Faga 1 Centre - Group 1
Elise Faatu S. (56, married, 5 children) and Eve Eleni T. (47, married, 4 children) will both purchase a weed-killing sprayer, chemicals, 2 knives, filings, a planting stick and axes to cultivate and sell taro, yams, tuamu and bananas.
Filiga T. (56, married, 8 children) will purchase a fishing boat, fishing net and flashlight to catch fish and seashells.
Laulelei A. (67, married, 10 children) will purchase 4 bundles of wire, chemicals and a knife to support her taro and banana business.
Lita F. (42, married, 3 children) will purchase a sewing machine, a weed-killing sprayer, knives and filings for both her sewing and vegetable businesses.
Patouli T. (49, married, 5 children) will purchase fertilizer, a spade, chemicals and bananas for both her vegetable (bananas, etc) and pancake businesses.
Silaulelei F. (53, married, 4 children) will purchase thread, scissors and other materials for her sewing business.
About SPBDSouth 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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