She has a big plantation, and grows taro, banana trees and vegetables to earn a living. She has been doing this for 5 years. Veronika has requested a loan to buy tarpaulin, chemicals, an empty 44-gallon for water storage, wheelbarrow, bush-knives, barbed wire, and knapsack sprayer.
She has been a member of SPBD since 2009. With her profits, Veronika hopes to improve her business and support her family financially.
More information about this loan
This loan is part of SPBD's new SME (small and medium-sized enterprises) loan program. The goal is to serve the "missing middle," a group of borrowers that requires loan amounts too large for typical microfinance, but is still seen as too risky by commercial institutions. In addition to credit, SPBD also provides in-depth training to help entrepreneurs successfully scale their businesses.
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