Tagiilima and her husband are fishermen and rely on their fishing expeditions as their sole source of income to provide for their family and finance their children’s education. With the help of an SPBD loan, they have been able to set up a small shop to sell their fishing catch and a few other goods. With the first loan fully repaid, Tagiilima is seeking an additional loan to buy fishing gears and upgrade their fishing nets. Someday, Tagiilima hopes that they can save enough money to expand their shop into a large village store and rely less on their daily catch to cover the expenses of their large family.
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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