Salote has 3 previous loans with SPBD. She expects her weekly net cash flow to be 300 Tala (about US$ 125). SPBD loans are Salote’s only access to capital because she was never able to qualify for a loan with the traditional banks. Education and home improvement and also her church activities are important to her.
Her husband used to be a successful businessman and he originally started the business. Her kids help her with a lot of the hard work. Her children who live overseas also send money and supplies 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