Seneuefa is a 65-year-old woman who is married and has 4 children. She has a small business making and selling popcorn and pancakes. She has been in this business for 2 years. Seneuefa needs a loan to buy cooking oil, corn seeds, a large cooking pot, plastic bags, bags of flour, baking soda, sugar, salt and a gas oven. She will use her profits to improve her business. Seneuefa joined SPBD in 2010 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.