Faupo is 64 years old and single with no children. She bakes and sells pancakes in her community for a living. She has five years of experience in this kind of business.
Faupo has requested a loan to buy flour, sugar, yeast, plastic bags, and a gas oven with dripping oil for her business. Faupo is a new member of SPBD. She joined in 2012 to gain access to financial services. In the future, she plans to build her family assets.
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.