Matalena expects her weekly net cash flow to be 300 Tala (about US$ 125). SPBD loans are Matalena’s only access to capital because she was never able to qualify for a loan with the traditional banks. Because her balance restarts, she will use all her loan for her project.
The whole family spend their weekends at the plantation maintaining their plantation in good condition but mostly the head of the family is responsible in planning everything for the betterment of her business.
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