More information about this loan
This loan product is part of SBPD’s effort to allow Samoan workers to cover travel expenses to seek out seasonal employment opportunities in New Zealand and Australia during the harvesting and plantation seasons. For many Samoan workers, this represents a great opportunity for employment and to increase their income. Access to capital is limited as financial institutions often require collateral, which Samoan seasonal workers can not provide. SPBD has structured these workers into groups with members cross guaranteeing each other. By funding this loan you are giving an individual a chance to earn much-needed income.
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