SPBD loans are Pepeu’s only access to capital because she was never able to qualify for a loan with the traditional banks. The loan money will also be used for home repair to buy cement, timber and iron roofing. She has children who are working and help her out.
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