Notably, she has already received four previous loans from SPBD. Indeed, SPBD loans are Sina’s only access to capital because she is unable to qualify for any loans via traditional banks. She is now seeking a loan in the amount of $575, all of which will be used to expand and improve her business (e.g., to purchase chemicals and equipment).
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