She expects her weekly net cash flow to be 380 Tala (about $158). SPBD loans are Selena’s only access to capital because she was never able to qualify for a loan with traditional banks. Some part of the loan will be used to pay her child's school fees and to buy equipment needed for repairing her house.
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