Fay is a 41 year old woman who is married with 3 children. She has a small taxi business, which she has been running for 2 years. Fay needs a loan to buy a new water tank and a water pump for her taxi. She will use her profits to help with her family’s weekly expenses. Fay joined SPBD 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.