Satupaitea Satufia 2 Centre - Group 1
Faleieiroma S., 23, is married to a farmer and has two children. She grows cabbages and tomatoes in her vegetable garden. She wishes to use her loan to purchase a weed killing sprayer and pesticides, vegetable seeds, fertilizer and 2 bush knives. She will sell her produce three days a week to the public and people from her village.
Aveina T., 32, married, has five children. She has over three years of experience baking donuts and pork cakes and growing taro. She will use her loan to purchase a weed killing sprayer, pesticides, a knife, a filing, cabbage seeds and fertilizer.
Fuatino U., 33, is divorced with three children. She maintains a taro plantation and sells her produce at a fair price twice a week. With her loan, she will purchase a weed killing sprayer, pesticides, 2 bush knives, a spade, a shovel, a knife filing. This will also pay for her transportation needs.
Loimata A., 28, is married with two children. With over two years of experience, she grows cabbage and cucumber and sells them twice a week. She will use her loan to purchase pesticides, a wheel barrow, 2 knives, a shovel, a spade, a filing and laborers.
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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Success!! The loan was 100% repaid