Luavalu has one previous loan with SPBD (South Pacific Business Development). SPBD loans are Luavalu’s only access to capital, because she is not able to qualify for a traditional bank loan. Luavalu would be happy to apply a second loan to improving her business, and thus allowing her to better meet her kids’ educational needs. She will use the money to help pay for the electric and water bills that contribute to the running of her 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