Sopo I. is 32 and married with one child. She plants and harvests taro for sale. Sopo has a year of experience in this business.
Sopo needs a loan of 1,000 Samoan talas to purchase weedkillers such as Gramoxome. She plans to use the earnings from her business (estimated to be 200 talas or about $83 per week) to improve/expand the business.
In 2010, Sopo joined SPBD. This is her first loan with SPBD. SPBD's loans are Sopo's only access to capital because she was never able to qualify for a loan with traditional banks.
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.