SPBD loans are Telesia’s only access to capital because she was never able to qualify for a loan with traditional banks. Telesia will also use the loan money for home improvement. She would like to buy cement, timber and iron for the roof. She has children who are working and living overseas and they help her out with family needs.
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