Sophie Fao


Status: Paying Back

$600.00   Loan Amount
19% repaid

About the Entrepreneur

Name: Sophie Fao
Location: Auala, Samoa
Activity: Food Market

About the Loan

Loan Amount: $600.00
Loan Use: To purchase additional products to sell
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:2.5940 WST = 1 USD



Sophie Fotu is a 66-year-old woman living in the town of Auala. She is married and has fourteen grown children. To make a living, Sophie owns and operates a business running a food stall. Her main source of income from the business comes from selling beef products in the local community. Sophie has been engaged in this business for over two years and earns approximately $160 a month from these activities.

In 2008, Sophie joined SPBD to gain access to financial services to help improve her living situation and her ability to engage in business activities. Sophie has successfully repaid a previous loan of 750 WST from SPBD. That loan was used to purchase additional products to sell. Sophie is now requesting a new loan of 1500 WST, which will also be used to buy more products to sell. This will be her second loan from SPBD. Sophie plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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 a 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 Sophie Fao


Loan has been disbursed
 
Entrepreneur: Sophie Fao
Location: Auala, Samoa

Thank you for your loan. It has been disbursed to Sophie Fao 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 Auala, Samoa
Oct 4, 2009
Comment on this entry

Kiva Help Repayment Schedule for Sophie Fao

  Expected Repayments Actual Repayments Comments
December 2009 $115.40 $115.40 Repayment Received
January 2010 $46.16 Available Jan 1  
February 2010 $57.70 Available Feb 1  
March 2010 $46.16 Available Mar 1  
April 2010 $46.16 Available Apr 1  
May 2010 $57.70 Available May 1  
June 2010 $46.16 Available Jun 1  
July 2010 $46.16 Available Jul 1  
August 2010 $57.70 Available Aug 1  
September 2010 $46.16 Available Sep 1  
October 2010 $34.54 Available Oct 1