Taga 1 Centre - Group 1


Status: Paid Back

$1,125.00   Loan Request
$1,125.00   Paid Back

About the Group

Group Name: Taga 1 Centre - Group 1
Group Members: Soonalau Teuati
Leatuvai Faani
Kalameli Ufi Laufiso
Ana Leutele
Location: Taga, Savaii Island, Samoa
Activity: Farming

About the Loan

Loan Amount: $1,125.00
Loan Use: To purchase farming and fishing equipment
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 22, 2008
Date Disbursed: May 8, 2008
Date Funded:Apr 24, 2008
Loan Ended:Jun 20, 2009

About the Country

Country:Samoa
Avg Annual Income:$6,344.00
Currency:Samoa Tala (WST)
Exchange Rate:2.6983 WST = 1 USD



After four weeks of rigorous business training, these four women of Taga 1, from the island of Savaii, passed their written test on the SPBD principles (business, savings, weekly meetings, payments and group guarantee) in order to ensure their first group loan from SPBD. Over the next year, they will support each other in their individiual business developments to guarantee on-time payments.


Ana Leutele, age 32, married, with three children, sells taro, tuamu and bananas, staples of the Samoan diet. Her husband and sons are experienced farmers. Her loan will be used to purchase a weed killing sprayer, a knife, knife sharpener, an axe, chemicals and a wheel barrow.


Kalameli Ufi Laufiso, age 25, married, with five children, and Leatuvai Faani, age 54, married, with six children, sell taro, bananas, tuamu and other vegetables. They will use their loans to purchase a weed killing sprayer, chemicals, knives, knife sharpeners and laborers.


Soonalau Teuati, age 42, married, with ten children, sells raw fish to the people in her village and at the market five days per week. Her husband has been catching the fish for over three years. She will use her loan to purchase a flashlight, goggles and other fishing equipment.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


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Lenders to this group

David
Pleasant Grove, UT
United States

Emily
Charlottesville, VA
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Andreea
Edmonton, Alberta
Canada

Liz
Berkeley, CA
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Heather & James
Chicago, IL
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dona&ed
ENCINITAS, CA
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Maxine
Houston, TX
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Dan
San Diego, CA
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The Dunn Family

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Andrei
Frisco, TX
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Teresa
Puyallup, WA
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Sam
Dallas, TX
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Claire
Kamloops, British Columbia
Canada

Thaw
Round Rock, TX
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Michelle
Vancouver, BC
Canada

Jim
Portland, OR
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James
Erie, PA
United States

Anonymous
Saratoga`, CA
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Rick & Beth
san Francisco, CA
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Meetu
San Diego, CA
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Suren
San Francisco, CA
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Richy Li
Taipei,
Taiwan

Natasha
Melbourne
Australia

Alessia & Alessandro
Firenze, Firenze
Italy

Benjamin
Sherman Oaks, CA
United States



Journal entries for Taga 1 Centre - Group 1


Loan has been disbursed
 
Entrepreneur: Taga 1 Centre - Group 1
Location: Taga, Savaii Island, Samoa

Thank you for your loan. It has been disbursed to the Taga 1 Centre - Group 1 group, consisting of Ana Leutele, Kalameli Ufi Laufiso, Leatuvai Faani, Soonalau Teuati by South Pacific Business Development in Samoa. We are excited to watch this business grow. Over the next 12 months, South Pacific Business Development will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Wendy Joe from Taga, Savaii Island, Samoa
Apr 29, 2008
Comments (4)

Kiva Help Repayment Schedule for Taga 1 Centre - Group 1

  Expected Repayments Actual Repayments Comments
July 2008 $0.00 $94.00  
August 2008 $93.75 $94.00 Repayment Received
September 2008 $93.75 $94.00 Repayment Received
October 2008 $93.75 $94.00 Repayment Received
November 2008 $93.75 $94.00 Repayment Received
December 2008 $93.75 $0.00 Repayment Received
January 2009 $93.75 $92.49 Repayment Received
February 2009 $93.75 $93.75 Repayment Received
March 2009 $93.75 $93.75 Repayment Received
April 2009 $93.75 $93.75 Repayment Received
May 2009 $93.75 $93.75 Repayment Received
June 2009 $93.75 $93.74 Repayment Received
July 2009 $93.75 $93.77 Repayment Received