Leti Peleti


Status: Paying Back

$600.00   Loan Amount
15% repaid

About the Entrepreneur

Name: Leti Peleti
Location: Alafua, Samoa
Activity: Agriculture

About the Loan

Loan Amount: $600.00
Loan Use: to purchase additional seeds, seedlings & young crops to raise
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



Leti Peleti is a 44-year-old woman living in the town of Alafua. She is married and has 5 school-aged children. To make a living, Leti owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting & harvesting bananas for sale. Leti has been engaged in this business for over 4 years and earns approximately 550 WST a month from these activities.

In 2009, Leti joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Leti has successfully repaid a previous loan of 1000 WST from SPBD. This previous loan was used to purchase general farm supplies & equipment. Leti is now requesting a new loan of 1500 WST which will be used to purchase additional seeds, seedlings & young crops to raise. The loan will be the 2nd loan taken out by the borrower from SPBD. Leti plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.

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 Leti Peleti


Loan has been disbursed
 
Entrepreneur: Leti Peleti
Location: Alafua, Samoa

Thank you for your loan. It has been disbursed to Leti Peleti 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 Alafua, Samoa
Oct 6, 2009
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Kiva Help Repayment Schedule for Leti Peleti

  Expected Repayments Actual Repayments Comments
December 2009 $92.32 $92.32 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 $46.16 Available May 1  
June 2010 $57.70 Available Jun 1  
July 2010 $46.16 Available Jul 1  
August 2010 $46.16 Available Aug 1  
September 2010 $57.70 Available Sep 1  
October 2010 $46.16 Available Oct 1  
November 2010 $11.46 Available Nov 1