Fuigaveve is thirty-eight years of age and is married with one child. She owns & operates a business venture, selling specialty hand-woven products to tourists and local community members. She has 2 years of experience in this business. She needs a loan of WST 1,500 to purchase raw materials such as pandana leaves to make products for sale. She plans to use the profit from her business (estimated to be 560 talas or US $233 per week) to expand the business.
In 2010, Fuigaveve 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 Fuigaveve's 2nd 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.