Mele is 58 and married with 6 children (ages 17-25). She owns & operates a business venture, selling baked goods in the local community. She has 4 years of experience in this business. Mele needs a loan of WST $2450 to purchase additional products to sell. She plans to use the earnings from her business (estimated to be 400 talas or US $167 per week) to improve/expand the business.
Mele joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is Mele's 4th loan with SPBD.
The following social metric is provided by SPBD*:
Overall Social Metric Score: 1.5 out of 3
*SPBD measures the living conditions of each of its borrowers to track her loan progress. The overall social metric score, provided by SPBD, is based upon a number of factors, such as the condition of the house/household assets, health, education, income level, and family reputation. A higher number represents a higher score. For example, a ""3 out of 3"" on education would mean that the borrower has graduated from university; a ""2 out of 3"" = secondary/high-school, and a ""1 out of 3"" would mean that the borrower is uneducated.
In 2000, Greg Casagrande founded SPBD and since then, it has expanded from the main island of Upolu in Samoa to Savaii, as well as Tonga. SPBD's philosophy of lending is based upon the Grameen Bank lending method.
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.