Saeu is a hard-working mother living in Faleula who is seeking to expand her fishing business in order to improve the lot of her family. Although she has not been in the fishing business very long, living near the ocean for her entire life has given her the knowledge necessary to conduct such a business.
She has succeeded because as soon as she brings her fresh-caught fish to shore, she takes them to a stand at the end of the road or to the local fish market, where she sells them to local restaurants.
She is now applying for a loan of $850 from SPBDF to allow her to purchase additional nets so that she can increase her sales.
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.