Oloitiefu is 54 years old and has 2 children. She owns and operates a business venture planting and harvesting fruits and vegetables for sale. She has 1 year of experience in this business.
Oloitiefu needs a loan of 1000 Samoan talas (WST) to purchase weed killers such as Gramoxome. She plans to use the profit from her business (estimated to be 350 talas, or US $146 per week) to improve/expand the business.
Oloitiefu joined SPBD in 2012 to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral. This is Oloitiefu's first loan with SPBD.
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.