Tapunuu is 48 years old and married. She has 6 children. She owns & operates a business venture, selling fried foods in the local community. She has 2 years of experience in this business. Tapunuu needs a loan of WST $1500 to purchase raw ingredients needed to make products to sell. She plans to use the profit from her business (estimated to be 400 talas per week) to improve and expand the business.
In 2011, Tapunuu 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 Tapunuu's 2nd 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.