SPBD loans are Seleisa’s only access to capital because she was never able to qualify for a loan with the traditional banks. Part of her loan will be used to buy cement, iron roofing, and timbers for home improvement. She also produces Samoan cocoa which is one of the Samoans' favorite drinks and sells popcorn just to back up her vegetable garden.
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