Mrs. T. sells food products to members of her village and to people driving through the south side of Upolo Island during the a week. She expects her weekly net cash flow to be 1200 Tala (~$500 USD).
This is her first business venture because she was never able to personally qualify for a loan with traditional banks. She has now had seven previous loans. She will use half of this money to supply new food items for her shop and the other half to support her grandchildren's school fees. She will also use part of the loan to repair her home.
About SPBDSouth 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.
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Success!! The loan was 100% repaid