Luaono Logologo


Status: Paying Back

$1,025.00   Loan Amount
5% repaid

About the Entrepreneur

Name: Luaono Logologo
Location: Eva, Samoa
Activity: Farming

About the Loan

Loan Amount: $1,025.00
Loan Use: To purchase fertilizers such as manure
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 24, 2009
Date Disbursed: Oct 8, 2009
Date Funded:Oct 25, 2009

About the Country

Country:Samoa
Avg Annual Income:$6,344.00
Currency:Samoa Tala (WST)
Exchange Rate:2.4396 WST = 1 USD



Luaono Logologo is a 36-year-old woman living in the town of Eva. She is married and has five school-aged children. To make a living, Luaono raises crops. The main source of income for the business comes from planting and harvesting bananas for sale. Luaono has been engaged in this business for over eight years and earns approximately 650 Samoa tala (WST) a month from these activities.

Luaono joined SPBD to gain access to financial services to help improve her living situation and ability to engage in business activities. Luaono has successfully repaid a previous loan of 1,750 WST from SPBD. This previous loan was used to purchase harvesting equipment. Luaono is now requesting a new loan of 2,500 WST, which will be used to purchase fertilizers such as manure. This will be the fifth loan taken out by the borrower from SPBD. Luaono plans to use the additional revenue generated from the business to financially support immediate members of her family.

Luaono was not affected by the tsunami that hit Samoa on Sept. 29, 2009.

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 Luaono Logologo


Loan has been disbursed
 
Entrepreneur: Luaono Logologo
Location: Eva, Samoa

Thank you for your loan. It has been disbursed to Luaono Logologo 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 Eva, Samoa
Oct 26, 2009
Comment on this entry

Kiva Help Repayment Schedule for Luaono Logologo

  Expected Repayments Actual Repayments Comments
December 2009 $59.14 $59.14 Repayment Received
January 2010 $98.56 Available Jan 1  
February 2010 $78.85 Available Feb 1  
March 2010 $78.85 Available Mar 1  
April 2010 $78.86 Available Apr 1  
May 2010 $98.56 Available May 1  
June 2010 $78.85 Available Jun 1  
July 2010 $98.57 Available Jul 1  
August 2010 $78.85 Available Aug 1  
September 2010 $78.85 Available Sep 1  
October 2010 $98.56 Available Oct 1  
November 2010 $78.85 Available Nov 1  
December 2010 $19.65 Available Dec 1