Fiaoo is a 37-year-old, married woman, who has five children. She makes and sells pan cakes in her community, to earn a living. She has three years of experience with this business.
Fiaoo needs a loan to buy more ingredients and utensils for making pan cakes. The things she will buy include: kerosene oven, oil, sugar, flour, baking soda, big containers, frying pan, filter, basin and wooden spoon. She plans to use her profits to support her family. Fiaoo has been a member of SPBD since 2013.
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.