She has 2 previous loans with SPBD. She expects her weekly net cash flow to be 250 Tala (~104 USD). SPBD loans are Faamomoi’s only access to capital because she was never able to qualify for a loan with the traditional banks. The loan will be used to buy materials needed for the business.
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