Faifuaina is a 50-year-old woman who is married with two children. She has a small taxi service business. She has been in this business for five years.
Faifuaina needs a loan to service her vehicle, purchase tyres, seat covers and also for taxi renewal registration. She will use her profits to renovate her house and to keep her children in school. Faifuaina joined SPBD in 2009 to gain access to financial services.
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.