Faimafili is 25 and married with three children. She owns and operates a business baking and selling a variety of baked goods in the local community. She has two years of experience in this business.
Faimafili needs a loan of 1500 WST to purchase additional ingredients. She plans to use the profit from her sales (an estimated 350 WST per week) to improve and expand her business.
In 2011, Faimafili joined SPBD to gain access to financial services, and this is her second loan with the company. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral.
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.