Faavae is a 40-year-old woman who is married with three children. She runs a small taxi business to earn a living. Faavae needs a loan to buy four new tyres for her taxi. She will use her profits to support her family. Faavae 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.