Folole has had six previous loans with SPBD. This loan would be used for buying tools and equipment for the handicraft business. She expects her weekly net cash flow to be 370 Tala (~$154 USD). SPBD loans are Folole'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