Faimanifo is a 56-year-old married woman with eight children. She makes and sells apple pie in her community to earn a living. She has three years of experience with this business. Faimanifo needs a loan to buy flour, tins of pineapple, vanilla syrup and a new gas oven. She plans to use her profits to buy an electric oven for her business. Faimanifo has been a member of SPBD since 2012.
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.