Katerina is 66 years old and married, with seven children. She makes and sells kava bowls, woven mats, hats, and other traditional crafts to earn a living. She has been doing this for two years. Katerina has requested a loan to buy tools, pandanus, and woods for carving. (Pandanus is a genus of shrubs and trees prevalent on South Pacific islands, the leaves of which are used in traditional crafts, especially for weaving into mats.)
Katerina plans to use her profits to improve her business. She joined SPBD in 2010 to gain access to financial services.
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.