Salu is a 45-year old woman who lives by the seawith her husband and their seven children. Her husband and all the children are working together to make Salu’s business a success. The family has built small open huts called fales on the beach (in the style of traditional Samoan houses) and back-packers will rent these huts for picnics or to spend the night on the beach. In one weekend, Salu had twenty people stay at the fales. With this promising indication of demand, Salu and her family are anxious to invest further in their fales, building additional and renovating the current ones, in order to attract more tourists. She is confident in her abilities to manage a growing enterprise and enthused at the prospect of being the owner of a thriving 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.