Tuinanau is 47 years old and has raised six children. All six of her children are married and have their own families. Tuinanau is a very independent-minded woman and does not want to depend on her children and their families for financial support so she used an initial SPBD loan to start a business selling flavored ices (locally referred to as “ice cakes”) to the children at the local primary school. Her business has strong sales, and she is applying for an additional loan in order to purchase supplies in bulk (and thus at better rates) and continue to make her product. A loan to Tuinanau will help ensure that she can continue to run her business and remain financially independent.
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.