Saasaai 2 Centre - Group 3
Aussie F., 18, is married with 1 child. She is starting a bakery business. With her loan, she will purchase cement, metal, and iron roofing to construct an oven. Also, she will purchase oil, flour, sugar, and other ingredients to make pies, biscuits, buns, and other baked goods.
Asolelei T., 39, is married with 7 children. She grows taro, yams, bananas, and other vegetable and fruit produce. Although her family has been doing it for many years, this is her first business selling produce. With her loan, she will purchase a weed killer, pesticides, a filing, 2 bow knives, and fertilizer.
Teuila L., 46, is married with 11 children. Her sons help her farm her taro and yam plantation. With her loan, she will purchase a weed killer, pesticides, fertilizer, cabbage seeds, and a license. She will sell her produce 5 days per week.
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