Sivai has had five prior loans from SPBD, and expects to earn a weekly net cash flow of $166. SPBD loans are Sivai’s only access to capital because she was never able to qualify for a loan from traditional banks. She will use part of her loan to increase her earnings by building a copra dryer, which people in this part of the world use to process coconuts.
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