Naomi has had three previous loans with SPBD. She will use the money earned to purchase plastic cups, sack of sugar, koolaid, sack of flour and a gallon of cooking oil to improve her business. She expects her weekly net cash flow to be 300 Tala (~83 USD). SPBD loans are Naomi's only access to capital because she was never able to qualify for a loan with the traditional banks. Her husband is helping her operating the business.
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