Tuuipo is a 36-year-old woman living in the town of SalelavaluTai. She is married and has 9 school-aged children. To make a living, Tuuipo owns & operates a fishing business, harvesting & selling ocean-caught fish in the local community. Tuuipo has been engaged in this business for over 4 years and earns approximately 800 WST a month from these activities.
In 2009, Tuuipo joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Tuuipo has successfully repaid a previous loan of 2000 WST from SPBD. She is now requesting a new loan of 2000 WST which will be used to purchase fishing equipment including hooks & nets. The loan will be the 5th loan taken out by this borrower from SPBD. Tuuipo plans to use the additional revenue generated from the business to continue improving 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.