Vaiese is a 24-year-old woman who is single with no children. She has a small taxi service. She has one year of experience in this business.
Vaiese needs a loan to buy car parts, seat covers and new tires, and to pay her registration fee. She will use her profits to help improve her taxi services and support her family members. Vaiese joined SPBD in 2012 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.