Valelia is a very active woman who puts all of her energy into her business because it is her family's major source of income. She is requesting a loan to purchase supplies for her plantation, such as chemicals, a back sprayer, fertilizer, and bush knives. She would also like to use part of the loan to purchase supplies and tools (such as bricks, cement, galvanized nails, and a hammer) to make some home repairs.
She expects to earn a weekly profit of 300 Tala (about 125 USD). She had 3 previous loans with SPBD. SPBD loans are Valelia’s only access to capital because she was never able to qualify for a loan with the traditional banks.
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