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112 female business women assisted following cyclones

February 22, 2021 11:13 am
[Source: SPBD]

South Pacific Business Development has assisted 112 of its members affected by the recent cyclones access loans for home or business rehabilitation.

SPBD is a network of microfinance organizations dedicated to eradicating poverty by empowering women in poor rural villages income-generating ventures.

Board Director Lorraine Seeto says more than 50 percent of their members in the North reported damage to homes while 78 percent lost their means of livelihood.

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Seeto says TC Yasa Rehabilitation Loan can be used for house or business rehabilitation or a combination of both.

On Friday, SPBD paid out a little over $400,000 to 112 members in the North.

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