Laine H. is 47 and married with 10 children (ages 9 - 27). She owns a business venture, planting & harvesting taro for sale. Laine has many years of experience in this business. Laine needs a loan of WST $1750 to rent land to raise additional crops. She plans to use the earnings from her business (estimated to be 450 talas or US $188 per week) to improve/expand the business.
In 2007, Laine joined SPBD. This is her 3rd loan with SPBD. SPBD's loans are Laine's only access to capital because she was never able to qualify for a loan with traditional banks.
The following social metrics for Laine H. are provided by SPBD*:
Overall Social Metric Score: 1.5 out of 3
Level of Education: 1.4 out of 3
Level of total Household Income: 1.5 out of 3
Quality of Household Assets: 2.4 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.