Fenika is a 49-year-old divorced woman with five children. She makes and sells fish and chips in her community to earn a living. She has six years of experience with this business.
Fenika needs a loan to buy a sack of potatoes, a large gas burner, a large strainer, a bucket of cooking oil, salt, mayonnaise, tomato sauce, chicken leg quarters and sausages.
She plans to use her profits to expand her business. Fenika has been a member of SPBD since 2008.
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.