Finauvale is a 54-year-old woman living in the town of Taga. She is married and has 2 grown children. Finauvale owns and operates a general store, selling a variety of different products in the local community. Finauvale has been engaged in this business for over 4 years and earns approximately 500 WST a month from these activities.
In 2011, Finauvale joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Finauvale has successfully repaid a previous loan of 1000 WST from SPBD. The previous loan was used to invest in expanding the business. Finauvale is requesting a new loan of 1500 WST which will be used to purchase freezer goods or meat such as mutton flaps, chicken, sausages to sell. This will be the 2nd loan taken out by Finauvale from SPBD. She plans to use the additional revenue generated from the business 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.