Pene is 54 years old and married with six children. She owns and operates a business venture, selling fried foods in the local community. She has two years of experience in this business. Pene needs a loan to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be WST 550 per week) to financially support immediate members of her family.
In 2010, Pene 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 Pene's third 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.