Faasaveve is thirty-nine years of age and is married with six children. Faasaveve owns and operates a business venture, selling both food and daily use products in the local community. She has 4 years of experience in this business. Faasaveve needs a loan of WST 2,000 to purchase additional products to sell. She plans to use the profit from her business (estimated to be 400 talas or US $167 per week) to improve/expand the business.
In 2008, Faasaveve 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 Faasaveve's fourth 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.