"Faatafunaina F. (0) is a 57 years-year-old woman living in the town of Vailuutai . She is married and has 5 children adult -aged children. To make a living, Faatafunaina owns & operates a business venture in the services sector operating a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing general services to local community members. Faatafunaina has been engaged in this business for over 4 years and earns approximately 450 tala WST a month from these activities.
In 2008, Faatafunaina joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Faatafunaina has successfully repaid a previous loan of 1000 tala WST from SPBD. This previous loan was used to purchase materials needed to expand services provided. Faatafunaina is now requesting a new loan of 1500 tala WST which will be used to purchase a transport vehicle to improve the business. The loan will be the 2nd loan taken out by the borrower from SPBD. Faatafunaina plans to use the additional revenue generated from the business to improve/expand the borrower's 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.