Faaloia is 34 years old and married. She runs a business selling snacks, soft drinks, freezer stocks, and other goods in her community, which she has been doing for five years.
Faaloia is requesting a loan, which she will use to purchase more stock for her shop. She plans to use her profits for home improvement and relocating her business from her village to town. She has been a member of SPBD since 2012.
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.