Fuamata used to own a small shop in her village, but she unfortunately had to close it. Now she needs additional income to support her family and believes that reorganizing and reinvesting in her shop is the means to raise her family’s standard of living. She joined SPBD to gain access to loan funds so that she pay renewal fees for the business license and re-open her doors with a full product line. Her husband and her children are all committed to making Fuamata’s venture work. She says that she can count on their help to keep the business in good condition.
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.