Faamaini is twenty-four years of age and is married with one child.
Faamaini owns & operates a business venture, planting & harvesting taro for sale. She has two years of experience in this business. Faamaini needs a loan of WST $1000 to purchase additional tools and chemicals. She plans to use the profit from her business (estimated to be 250 talas or US $104 per week) to improve/expand the business.
Faamaini 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 Faamaini's 1st 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.