Tepa is a 42-year-old woman living in the town of Salelavalu Tai. She is married and does not have any children.
To make a living, Tepa owns and operates a business venture in the retail sector running a general store. The main source of income for the business comes primarily from selling a variety of different products in the local community. Tepa has been engaged in this business for over three years and earns approximately 1,000 WST a month from these activities.
In 2009, Tepa joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Tepa has successfully repaid a previous loan of 1,000 WST from SPBD. This previous loan was used to invest in expanding the business.
Tepa is now requesting a new loan of 1,500 WST, which will be used to purchase additional products to sell such as snack food, candies, soft drinks, freezers and an extra refrigerator. The loan will be the third loan taken out by the borrower from SPBD.
Tepa plans to use the additional revenue generated from the business to make improvements to her house.
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.