Mamaioa has benefited from three successful SPBD (South Pacific Business Development) loans. She expects her weekly net cash flow to be 400 Tala (~$166 USD). SPBD loans are Mamaioa's only access to capital, because she is not able to qualify for a traditional bank loan. She will use her loan to improve her banana- and taro-selling business by purchasing seeds and pesticides. Her husband will also help her to operate 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