Feeonuu is an experienced business woman, and she is fully committed to her business. Her store provides the major financial support for her family. She expects her weekly profit will be 540 Tala (about 225 USD).
She is requesting a loan to purchase a freezer for her store, and food items to sell, such as sugar, rice, salt, lamb chops and chicken thighs to sell and increase her profits. She has repaid 1 previous loan from SPBD. SPBD loans are Feeonuu’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