Lusi Faamausili


Status: Paying Back

$750.00   Loan Amount
19% repaid

About the Entrepreneur

Name: Lusi Faamausili
Location: Malie, Samoa
Activity: Soft Drinks

About the Loan

Loan Amount: $750.00
Loan Use: To purchase new items to expand product offerings
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 1, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Oct 3, 2009

About the Country

Country:Samoa
Avg Annual Income:$6,344.00
Currency:Samoa Tala (WST)
Exchange Rate:2.6726 WST = 1 USD



Lusi Faamausili's main source of income comes from selling soft drinks in her community. She is a 35-year-old woman living in the town of Malie. She is married and has five adult children. Lusi has been in this business for over five years and earns approximately 150 WST a month.


In 2006, Lusi (0) joined SPBD to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Lusi has successfully repaid a previous loan of 1250 WST from SPBD. This previous loan was used to invest in expanding the business.


Lusi is now requesting a new loan of 1950 WST which will be used to purchase new items to expand her product offering. This will be her fourth loan from SPBD. Lusi plans to use the additional revenue to improve and expand her business.


About SPBD:
SPBD's mission is to improve the quality of life of people living in poverty in the poor island nations of the South Pacific. SPBD's philosophy of lending is based on respect for each individual's innate human ingenuity, drive and self esteem.


Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



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Journal entries for Lusi Faamausili


Loan has been disbursed
 
Entrepreneur: Lusi Faamausili
Location: Malie, Samoa

Thank you for your loan. It has been disbursed to Lusi Faamausili by South Pacific Business Development (SPBD) in Samoa. We are excited to watch this business grow. Over the 11 months of this loan, South Pacific Business Development (SPBD) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Malie, Samoa
Oct 4, 2009
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Kiva Help Repayment Schedule for Lusi Faamausili

  Expected Repayments Actual Repayments Comments
December 2009 $144.23 $144.23 Repayment Received
January 2010 $57.69 Available Jan 1  
February 2010 $72.12 Available Feb 1  
March 2010 $57.69 Available Mar 1  
April 2010 $57.69 Available Apr 1  
May 2010 $72.12 Available May 1  
June 2010 $57.69 Available Jun 1  
July 2010 $57.69 Available Jul 1  
August 2010 $72.12 Available Aug 1  
September 2010 $57.69 Available Sep 1  
October 2010 $43.27 Available Oct 1