Tenny is a 20-year-old single woman with no children. She runs a small business selling pork buns in her community and has been doing this for 5 years.
Tenny has requested a loan to buy a bag of flour, yeast, baking powder, cooking oil, frying pan and a gas oven. She joined SPBD in December 2012 to gain access to capital. With her earnings, Tenny will save more to extend her business and to support her family financially.
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.