Faafetai U., 44, is married with three children. She has many years of experience in the elei printing materials business. She sells to the general public and villagers three days per week. She expects her weekly net cash flows to be 400 Tala (~166 USD).
She has two previous loans with SPBD. SPBD loans are Faafetai’s only access to capital because she was unable to qualify for a loan with the traditional banks. Part of this loan will be used for building a small house for business purposes only.
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.