Puaaelo is 48 years old, married, and has two children. She runs a small business selling pancakes in her community, which she has been doing for one year.
Puaaelo is requesting a loan, which she will use to buy flour, sugar, two frying pans, cooking oil, and an oven. She joined SPBD this year to gain access to capital. With her earnings, Puaaelo will pay for her children's school fees.
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.