Janet is requesting her first loan, which she plans to use to purchase more carved designs, paint, and raw materials for printing Elei material. She expects her weekly profit to be 300 Tala (about 125 USD). SPBD loans are Janet’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