Faafetai, a 40-year-old married mother of three, would like to start a business growing taro plants, banana trees and some vegetables to earn a living. A member of SPBD for one year, she has requested a loan to buy chemicals and equipment to start her business.
Faafetai will use her profits to develop and expand the enterprise.
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.