Saasaai 2 Centre - Group 3


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Group

Group Name: Saasaai 2 Centre - Group 3
Group Members: Teuila Lima
Asolelei Tesi
Aussie Fogatafua
Location: Saasaai, Savaii Island, Samoa
Activity: Farming

About the Loan

Loan Amount: $850.00
Loan Use: Purchase supplies to start a bakery and for farming
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 2, 2008
Date Disbursed: May 16, 2008
Date Funded:May 2, 2008
Loan Ended:Jun 24, 2009

About the Country

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



For these 3 women of Saasaai 2 on the island of Savaii, these are their first loans from SPBD. They all undertook 4 weeks of training on managing a business and maintaining a savings account, and then passed a written test on the SPBD principles: business, savings, weekly meetings, payments and group guarantee. Over the next 52 weeks, they will support each other in their individual business development and to guarantee on-time payments.



Aussie Fogatafua, 18, is married with 1 child. She is starting a bakery business. With her loan, she will purchase cement, metal, and iron roofing to construct an oven. Also, she will purchase oil, flour, sugar, and other ingredients to make pies, biscuits, buns, and other baked goods.



Asolelei Tesi, 39, is married with 7 children. She grows taro, yams, bananas, and other vegetable and fruit produce. Although her family has been doing it for many years, this is her first business selling produce. With her loan, she will purchase a weed killer, pesticides, a filing, 2 bow knives, and fertilizer.



Teuila Lima, 46, is married with 11 children. Her sons help her farm her taro and yam plantation. With her loan, she will purchase a weed killer, pesticides, fertilizer, cabbage seeds, and a license. She will sell her produce 5 days per week.





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

Mike
Lilyfield, New South Wales
Australia

Emanuele
Montecchio Maggiore, Vicenza
Italy

Alex Rudloff
Satellite Beach, FL
United States

Sara
Jefferson Valley, NY
United States

Machelle
Tiburon, CA
United States

Larry
Long Grove, IL
United States

kenneth
columbus, OH
United States

Dorothy
Maynard, MA
United States

Anonymous
Boulder, CO
United States

Mimi
San Mateo, CA
United States

Sean
Winnsboro, SC
United States

Linda
El Dorado Hills, CA
United States

Susan
Morgan, UT
United States

Marie and Vince
Batavia, NY
United States

Melodie
Federal Way, WA
United States

Gayle & Jason
Arlington Heights, IL
United States

linda
Kensington, CA
United States

Lara
Ojo Caliente, NM
United States

Mike & Phyllis
Galveston, IN
United States

Lori
Chanhassen, MN
United States

Gary
Minneapolis, MN
United States

James
La Palma, CA
United States

Steve
Oak Island, NC
United States

cindy
elsmere, KY
United States

Hope
Reno, NV
United States



Journal entries for Saasaai 2 Centre - Group 3


Loan has been disbursed
 
Entrepreneur: Saasaai 2 Centre - Group 3
Location: Saasaai, Savaii Island, Samoa

Thank you for your loan. It has been disbursed to the Saasaai 2 Centre - Group 3 group, consisting of Aussie Fogatafua, Asolelei Tesi, Teuila Lima 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 Saasaai, Savaii Island, Samoa
May 9, 2008
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Kiva Help Repayment Schedule for Saasaai 2 Centre - Group 3

  Expected Repayments Actual Repayments Comments
August 2008 $70.83 $71.00 Repayment Received
September 2008 $70.83 $71.00 Repayment Received
October 2008 $70.83 $71.00 Repayment Received
November 2008 $70.83 $71.00 Repayment Received
December 2008 $70.83 $71.00 Repayment Received
January 2009 $70.83 $70.00 Repayment Received
February 2009 $70.83 $70.83 Repayment Received
March 2009 $70.83 $70.83 Repayment Received
April 2009 $70.83 $70.83 Repayment Received
May 2009 $70.83 $70.83 Repayment Received
June 2009 $70.83 $70.83 Repayment Received
July 2009 $70.87 $70.85 Repayment Received