Sipaepae is a 75-year-old married woman with 8 children. She has a small plantation and grows taro, taamu,and bananas to earn a living. She has been doing this for many years.
Sipaepae has requested a loan to improve her business by buying new equipment. She has been a member of SPBD since 2008. With her profits, Sipaepae hopes to earn more money to provide her family with everyday needs.
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.