Faleupolu Ioane


Status: Paid Back

$300.00   Loan Request
$300.00   Paid Back

About the Entrepreneur

Name: Faleupolu Ioane
Location: Vaitele, Samoa
Activity: Food Production/Sales

About the Loan

Loan Amount: $300.00
Loan Use: To buy supplies for her fast food stall
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 7, 2007
Date Disbursed: Nov 22, 2007
Date Funded:Nov 8, 2007
Loan Ended:Jun 24, 2009

About the Country

Country:Samoa
Avg Annual Income:$6,344.00
Currency:Samoa Tala (WST)
Exchange Rate:2.6702 WST = 1 USD



Faleupolu is married with three kids, all of whom are in school. When she heard of this program, she joined and applied for $300USD and used the loan to start her fast foods stall business. At the moment, she supplies lunch for one of the offices in town in addition to other people she delivers her food to. If there is any left she sometimes delivers to the school. She earns $130ST net profit per day and works five days per week. She is now very comfortable raising her family and providing her kids with school financial support. She hopes to stay long in the program.

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Journal entries for Faleupolu Ioane


Loan has been disbursed
 
Entrepreneur: Faleupolu Ioane
Location: Vaitele, Samoa

Thank you for your loan. It has been disbursed to Faleupolu Ioane by South Pacific Business Development in Samoa. We are excited to watch this business grow. Over the next 18 months, South Pacific Business Development will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Team Editing from Vaitele, Samoa
Dec 10, 2007
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KIVA JOURNAL FOR FALEUPOLU IOANE
 
Entrepreneur: Faleupolu Ioane
Location: Vaitele, Samoa

Faleupolu Ione Lafaele is 32 years old and has 7 children. She is a member of Vaitele A2 center which is located in Western Upolu. She has Pork Cakes business, which she has been engaged in for 3 years. The loan officer who is in charge of her center says Faleupolu is a very good member. She repays her loan on time, always attends her weekly meetings, and is enthusiastic about expanding her business.

She has used her previous loan to purchase ingredients needed to upgrade her business. She says her business is doing well. On good days she makes 500 Tala a day (1Tala=0.4USD) and on bad days she makes 300 Tala a day. She also says that the Kiva loans and SPBD loans are not only helping her business grow, but also helping her pay her children’s school fees, feed her family better, and improve her housing.

When asked if she has any words to the Kiva lenders, she said “thanks for helping my business grow”


Posted by Isabel Tuatagaloa from Vaitele, Samoa
Jan 16, 2009
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Kiva Help Repayment Schedule for Faleupolu Ioane

  Expected Repayments Actual Repayments Comments
February 2008 $16.67 $0.00 Repayment Received
March 2008 $16.67 $17.00 Repayment Received
April 2008 $16.67 $17.00 Repayment Received
May 2008 $16.67 $17.00 Repayment Received
June 2008 $16.67 $17.00 Repayment Received
July 2008 $16.67 $17.00 Repayment Received
August 2008 $16.67 $17.00 Repayment Received
September 2008 $16.67 $17.00 Repayment Received
October 2008 $16.67 $17.00 Repayment Received
November 2008 $16.67 $17.00 Repayment Received
December 2008 $16.67 $17.00 Repayment Received
January 2009 $16.67 $30.02 Repayment Received
February 2009 $16.67 $16.67 Repayment Received
March 2009 $16.67 $16.67 Repayment Received
April 2009 $16.67 $16.67 Repayment Received
May 2009 $16.67 $16.67 Repayment Received
June 2009 $16.67 $16.66 Repayment Received
July 2009 $16.61 $16.64 Repayment Received