Saina Feagai


Status: Paying Back

$400.00   Loan Amount
15% repaid

About the Entrepreneur

Name: Saina Feagai
Location: Samatau, Samoa
Activity: Bakery

About the Loan

Loan Amount: $400.00
Loan Use: To purchase baking equipment
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 4, 2009
Date Disbursed: Sep 3, 2009
Date Funded:Oct 4, 2009

About the Country

Country:Samoa
Avg Annual Income:$6,344.00
Currency:Samoa Tala (WST)
Exchange Rate:2.5806 WST = 1 USD



Saina Feagai is a 23-year-old woman living in the town of Samatau 3. She is single and does not have any children. To make a living, Saina owns and operates a bakery. The main source of income for the business comes primarily from baking and selling a variety of confections, such as cookies and cakes, in the local community. Saina has been engaged in this business for over two years and earns approximately 450 WST a month from these activities.


Saina joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Saina is requesting a loan from SPBD in the amount of 1000 WST, which will be used to purchase baking equipment. This loan will be the first loan taken out by Saina from SPBD. Saina plans to use the additional revenue generated from the business to improve/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 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 Saina Feagai


Loan has been disbursed
 
Entrepreneur: Saina Feagai
Location: Samatau, Samoa

Thank you for your loan. It has been disbursed to Saina Feagai 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 Samatau, Samoa
Oct 5, 2009
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Kiva Help Repayment Schedule for Saina Feagai

  Expected Repayments Actual Repayments Comments
December 2009 $61.54 $61.54 Repayment Received
January 2010 $30.76 Available Jan 1  
February 2010 $38.46 Available Feb 1  
March 2010 $30.77 Available Mar 1  
April 2010 $30.77 Available Apr 1  
May 2010 $38.46 Available May 1  
June 2010 $30.77 Available Jun 1  
July 2010 $30.77 Available Jul 1  
August 2010 $38.46 Available Aug 1  
September 2010 $30.76 Available Sep 1  
October 2010 $38.48 Available Oct 1