Vailoa became a member of SPBD this year. She is applying for a 1000 WST loan to buy the ingredients she uses in her business. She plans to use her profits to help pay for her children’s education.
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