Savalia has benefited from four previous successful SPBD (South Pacific Business Development) loans. She expects her weekly net cash flow to be 450 Tala (~$187 USD). SPBD loans are Legatasi's only access to capital, because she is not able to qualify for a traditional bank loan. She will use her loan to purchase a new freezer for her store, as well as buy sacks of sugar, rice, and salt, and cases of lamp chops and chicken thighs to sell.
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