Marie has received three loans from SPBD. SPBD loans are Marie’s only access to capital because she has been unable to qualify for loans from traditional banks. The loan will help Marie hire labor and purchase materials for her food vending business. She hopes to improve her business, so that she will be able to pay for her kids' education and home improvements.
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