Foai’s family now has a fishing boat, which was financed by loans from SPBD. Her husband goes out to fish six days a week, if the weather permits. The least Foai realizes from her sales is never less than $600ST a week. Foai’s savings passbook shows that she saves more than the usual person in business.
About SPBDSouth 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.
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