Taumaia U. is 46 and married with 5 children (ages 12 - 22). She plants and harvests taro to sell. She has many years of experience in this business. Taumaia needs a loan of 3,000 WST to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the earnings from her business (estimated to be 400 talas or $167 per week) to continue to improve her business.
In 2007, Taumaia joined SPBD. This is her 6th loan with SPBD. SPBD's loans are Taumaia's only access to capital because she was never able to qualify for a loan with traditional banks.
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. Please join SPBD's lending team on KIVA to receive on-the-spot updates on SPBD. http://www.kiva.org/community/viewTeam?team_id=8375
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.