A loan of $425 helped to maintain her vehicle.

Penelope's story

Penelope is 38 years old, married and has five children.

Penelope owns and operates a business driving a taxi. She has many years of experience in this business. Penelope needs a loan of WST 1,000 to maintain her vehicle. She plans to use the profit from her business (estimated to be WST 500 or USD 208 per week) to improve and expand the business.

In 2011, Penelope joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is Penelope's first loan with SPBD.

*SPBD evaluates the living conditions of each of its borrowers. Generally, a loan manager evaluates a variety of social metrics on a scale out of 3 (the higher the number, the better off the person is) and these are averaged for the "overall social metric score." For example, a 3 out of 3 on "level of education" would mean that the borrower has graduated from university.

About SPBD
In 2000, Greg Casagrande founded SPBD to improve the quality of life of people living in poverty in the poor island nations of the South Pacific. SPBD's philosophy of lending is based on a respect for each individual's innate human ingenuity, drive and self-esteem. Please join SPBD's lending team on KIVA to receive on-the-spot updates on SPBD.

Loan details

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