Fuatino is a 20-year-old woman who is single with no children. She plans to start a small business, running taxi. Fuatino needs a loan to buy tires, seat covers and a battery. She will use her profits to to buy a new vehicle. Fuatino 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.