Sootino Finau

Status: Paid Back

$1,025.00		Loan Request
$1,025.00		Paid Back

About the Entrepreneur

Name:	Sootino Finau
Location:	Vaiee, Samoa
Activity:	General Store

About the Loan

Loan Amount:	$1,025.00
Loan Use:	The loan will be used for purchasing sack s of flour, boxes of cooking oil,sacks of rice,sacks of baking powder,boxes of deodorant and canned fish.
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jun 13, 2008
Date Disbursed:	Jul 11, 2008
Date Funded:	Jun 27, 2008
Loan Ended:	Aug 15, 2009

About the Field Partner

Field Partner:

South Pacific Business Development (SPBD)

Field Partner Risk Rating:

(Learn more)

Active

39 months

3824

$2,118,700

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Samoa
Avg Annual Income:	$6,344.00
Currency:	Samoa Tala (WST)
Exchange Rate:	2.4931 WST = 1 USD

Sootino Finau, 33, is single with no children. She has many years of experience in the grocery business. She sells to the village community district 6 days per week. She has had 3 previous loans with SPBD. She expects her weekly net cash flow to be $187 USD. SPBD loans are Sootino’s only access to capital because she was never able to qualify for a loan with the traditional banks. Part of the profits will be used to pay children's education fees. Sootino is a single woman but she contributes to the needs of all the children in her extended family .

Lenders to this entrepreneur

janet
Victoria, British Columbia
Canada

Jeanne
Jersey City, NJ
United States

Anonymous
Antibes,
France

Anonymous
Centennial, CO
United States

sara
portland, OR
United States

Steven
Cheltenham, Gloucestershire
United Kingdom

Ali
London, London
United Kingdom

Kimberly
Corpus Christi, TX
United States

Michael
Apple Valley, MN
United States

E.K.
Clark, NJ
United States

Michelle
Hilltown, South Australia
Australia

Anonymous
Madison, WI
United States

sefuluono
aiea, HI
United States

Kevin
Mountain View, CA
United States

Shawn
Durham, NC
United States

Robert

Rickee
Middletown, NJ
United States

Kim
Brodheadsville, PA
United States

Snuggs
Frankfort, IL
United States

Anonymous
REDBANK, Victoria
Australia

AndrewR
Oslo,
Norway

Petra
Bonn,
Germany

Angelika

Journal entries for Sootino Finau

Loan has been disbursed Entrepreneur: Sootino Finau Location: Vaiee, Samoa Thank you for your loan. It has been disbursed to Sootino Finau by South Pacific Business Development (SPBD) in Samoa. We are excited to watch this business grow. Over the next 12 months, South Pacific Business Development (SPBD) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by Kiry Ponnak Pa from Vaiee, Samoa Jul 10, 2008
Comments (1)

Update on Sootino Finau's Loan Entrepreneur: Sootino Finau Location: Vaiee, Samoa Recently I had the pleasure of talking with Sootino Finau about her business and her loan. Sootino owns a plantation in her village of Vaiee along the southern coast of Upolu Island. On her plantation she grows taro, taamu, pumpkins, manioca and cabbage. With her loan from South Pacific Business Development (SPBD) Sootino bought fertilizer and pesticides to increase her crop yield. Every day Sootino sells some of her produce in a small stand along the road outside her house. From her sales she earns around 400 tala per week. With this profit, Sootino hopes to upgrade her small roadside stand to a proper shop where she would sell other food products in addition to her produce. SPBD's philosophy of lending is based on a respect for each individual's innate human ingenuity, drive and self esteem. It is these qualities which make people credit worthy, not the collateral which traditional banks demand. To learn more about SPBD, click here. To see other loans from SPBD, click here.
Posted by Athan Makansi from Vaiee, Samoa Aug 4, 2009
Comment on this entry

Repayment Schedule for Sootino Finau

Show Advanced

	Expected Repayments	Actual Repayments	Comments
October 2008	$85.42	$86.00	Repayment Received
November 2008	$85.42	$86.00	Repayment Received
December 2008	$85.42	$86.00	Repayment Received
January 2009	$85.42	$83.66	Repayment Received
February 2009	$85.42	$85.42	Repayment Received
March 2009	$85.42	$85.42	Repayment Received
April 2009	$85.42	$85.42	Repayment Received
May 2009	$85.42	$85.42	Repayment Received
June 2009	$85.42	$85.41	Repayment Received
July 2009	$85.42	$85.42	Repayment Received
August 2009	$85.42	$85.42	Repayment Received
September 2009	$85.38	$85.41	Repayment Received