Fouai T., 38, is married with 1 child. She has 2 years of experience in the plantation business. She sells taro, taamu, and bananas to the village people and the public 2 days per week. Fouai's husband helps her operate the business. She expects her weekly net cash flow to be 300 Tala (~125 USD).
Fouai has 2 previous loans with SPBD. SPBD loans are Fouai's only access to capital because she has never been able to qualify for a loan with a traditional bank. The loan will be used to fund her business.
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.