Faaeteete is a 23-year-old married woman with one child. She makes and sells popcorn and ice cake in her community to earn a living. She has two years of experience with this business. Faaeteete needs a loan to buy sugar, foam cups, cordial, chinese lollies, popcorn, plastic bags and cooking oil for her business. She plans to use her profits to support her family. Faaeteete became a member of SPBD in 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.