Pepeu is 70 years old, married, and has five children. She wants to start a small business making and selling handicrafts in her community. To do this, she is requesting a loan, which she will use to buy crafts to sell and materials such as timber for carving. In the future, Pepeu hopes to exports some of her handicrafts overseas. She joined SPBD in 2009 to gain access to financial services.
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.