She has received 3 previous loan from SPBD. In fact, SPBD loans are Ane’s only access to capital because she has never been able to qualify for a loan from any of the traditional banks. With the loan proceeds, she is hoping to expand and improve her business by purchasing more equipment and vegetables.
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