Fetulima has three previous loans with SPBD. SPBD loans are her only access to capital because she has never been able to qualify for a loan with traditional banks. Fetulima is an established member of the program running a shop in her village, and she aims to expand her business in the future.
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