Fiapule T. is 34 and married with three children. She plants and harvests taro for sale. Fiapule has five years of experience in this business.
Fiapule needs a loan of 2,500 Samoan talas to purchase general farm supplies and equipment. She plans to use the earnings from her business (estimated to be 350 talas or $146 per week) to financially support immediate members of her family.
In 2007, Fiapule joined SPBD. This is her fourth loan with SPBD. SPBD's loans are Fiapule'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.