Faavae is fifty-four years old and married with four children. She owns and operates a tailoring business, providing general alteration and tailoring services to local community members. She has many years of experience in this business. Faavae needs a loan of WST $1,750 to invest in expanding the business. She plans to use the profit (estimated to be 300 Talas per week) to financially support immediate members of her family.
In 2006, Faavae 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 Faavae's sixth 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.