Penina is 42 years of age and married with seven children.
Penina owns & operates a business venture, catching & selling ocean-caught fish. She has many years of experience in this business. Penina needs a loan of WST $2000 to purchase fishing equipment including hooks & nets. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to financially support immediate members of her family.
In 2008, Penina 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 Penina's 4th 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.