Faafili is a 33-year-old woman living in the town of Papa Sataua. She is married and has six school-aged children. To make a living, Faafili owns and operates a business making and selling food. While not her only means of generating revenue, selling fried foods in the local community is her main source of income. Faafili has been engaged in this business for over one year and earns approximately 400 WST per month from these activities.
In 2011, Faafili joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Faafili is requesting her first loan from SPBD in the amount of 1000 WST. She will use the loan to purchase the raw ingredients needed to make her products. Faafili plans to use the additional revenue generated to improve and expand her business.
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.