Grace M. Moelu (0) is a 29-year-old woman living in the town of Vaovai. She is married and has three school-aged children.
Grace M. owns and operates a specialized retail store, selling daily use products such as shampoo, soap and toothpaste in the local community. She has been engaged in this business for over three years and earns approximately 500 WST a month.
In 2007, Grace M. joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 1,250 WST from SPBD. This previous loan was used to purchase additional products to sell.
Grace M. is now requesting a new loan of 1,250 WST which will be used to invest in expanding the business. The loan will be her 4th from SPBD. She plans to use the additional revenue generated from the business to improve and expand her business.
SPBD's mission is to improve the quality of life of people living in poverty in the poor island nations of the South Pacific. SPBD's philosophy of lending is based on a respect for each individual's innate human ingenuity, drive and self-esteem.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.