Kamila K. is a 30-year-old woman living in the town of Vaimoso. She is married and has four small children. Kamila owns and operates a business venture in the food sector making & selling food. The main source of income for the business comes primarily from selling a variety of food products in the local community. Kamila has been engaged in this business for over three years.
Kamila joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Kamila has successfully repaid a previous loan from SPBD. This previous loan was used to purchase new items to expand product offering. Kamila is now requesting a new loan of $1,050 which will be used renovate the business. The loan will be the 4th loan taken out by the borrower from SPBD. Kamila plans to use the additional revenue generated from the business to financially support immediate members of her family.
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.