Vevesi is 21 years old and single with no children. She runs a small business selling fish, octopus and sea cucumbers in her community. She has been doing this for more than two years.
Vevesi has requested a loan to buy a fishing boat, spears and fishing net. She joined SPBD this year to gain access to capital.
Vevesi will use her earnings not only to improve her business but to also support her family.
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.