Fenumiai is 65 years old and a widow with 12 children. She owns and operates a small store selling items such as mats, fabrics, jewelry, etc. She has been doing this for five years. Fenumiai needs a loan of $2500 to buy more items for consumer's needs and wants such as jewelry, mats, etc. She hopes to use her profits to improve and expand the business. She became a member of SPBD in 2009 to gain access to capital for her business.
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.