Faaleo is a 64 year old mother from the village of Puipaa. She has a second-hand refrigerator, which prompted her to begin an ice cake business with the help of SPBD loans. Her husband does not work and there is no other source of income for her to support her family and children. Faaleo plans to use this loan to buy materials to make the ice cakes. She is looking forward to selling her goods at school and also to the village people. She will work six days of the week and she is looking to earn $100 WST ($40 USD) or more a week.
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.