Faafouina T., 24, is married with two children. She has many years of experience in the foodstall business. She sells to the village and public six days per week.
She has tow previous loans with SPBD. She expects her weekly net cash flow to be 500 Tala (~$208 USD). SPBD loans are Faafouina's only access to capital because she was never able to qualify for a loan with the traditional banks.
The loan will be used to buy goods for the store such as snack food, canned food and freezers. Her husband is helping her run the 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.