Faaotaota is 20 years old, married, and has two young children. She owns and operates a small business providing clothing repairs to local community members. She has two years of experience in this business. Faaotaota needs a loan of 1,500 WST to purchase additional fabrics and materials. She plans to use the profits to continue improving and expanding her business.
In 2011, Faaotaota 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 Faaotaota's second 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.