Janice Tafaola


Status: Paying Back

$775.00   Loan Amount
15% repaid

About the Entrepreneur

Name: Janice Tafaola
Location: Faatoia, Samoa
Activity: Food Market

About the Loan

Loan Amount: $775.00
Loan Use: to repair a transport vehicle used in the business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 4, 2009
Date Disbursed: Sep 4, 2009
Date Funded:Oct 5, 2009

About the Country

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



Janice Tafola is a 35 year-old woman living in the town of Faatoia. She is married and has 6 children adult -aged children. To make a living, Janice owns & operates a business venture in the food sector running a food stall. While not the only means for generating revenue, the main source of income for the business comes primarily from selling fried foods in the local community. Janice has been engaged in this business for over 6 years and earns approximately $850 WST a month from these activities.

In 2004, Janice joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Janice has successfully repaid a previous loan of $2000 WST from SPBD. This previous loan was used to purchase new equipment & tools to expand the business. Janice is now requesting a new loan of $2000 WST which will be used to repair a transport vehicle used in the business. The loan will be the 6th loan taken out by the borrower from SPBD. Janice plans to use the additional revenue generated from the business to improve/expand the borrower's 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 Janice Tafaola


Loan has been disbursed
 
Entrepreneur: Janice Tafaola
Location: Faatoia, Samoa

Thank you for your loan. It has been disbursed to Janice Tafaola 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 Faatoia, Samoa
Oct 6, 2009
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Kiva Help Repayment Schedule for Janice Tafaola

  Expected Repayments Actual Repayments Comments
December 2009 $119.23 $119.23 Repayment Received
January 2010 $59.61 Available Jan 1  
February 2010 $74.52 Available Feb 1  
March 2010 $59.61 Available Mar 1  
April 2010 $59.61 Available Apr 1  
May 2010 $59.61 Available May 1  
June 2010 $74.52 Available Jun 1  
July 2010 $59.61 Available Jul 1  
August 2010 $59.62 Available Aug 1  
September 2010 $74.51 Available Sep 1  
October 2010 $59.62 Available Oct 1  
November 2010 $14.93 Available Nov 1