Feauma is 50 and married with 5 children. She is starting a business venture -- baking and selling a variety of baked goods in the local community.
Feauma needs a loan of WST 1000 to purchase cooking ingredients in bulk. She plans to use the profit from her business (estimated to be 250 Talas per week) to support the immediate members of her family.
In 2012, Feauma 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 Feauma's 1st 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.