Ana Fati W. is 68 and married with 10 children (ages 13 - 38). She owns a business venture planting & harvesting decorative plants for sale. Ana Fati has seven years of experience in this business. Ana Fati needs a loan of WST $2900 to purchase additional seeds, seedlings & young crops to raise. She plans to use the earnings from her business (estimated to be 550 talas or US $229 per week) to improve/expand the business.
In 2003, Ana Fati joined SPBD. This is her eighth loan with SPBD. SPBD's loans are Ana Fati'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 to 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.