Lolofa Kerisimasi


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Entrepreneur

Name: Lolofa Kerisimasi
Location: Vaiee, Samoa
Activity: Patchwork

About the Loan

Loan Amount: $850.00
Loan Use: Home improvements
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 16, 2007
Date Disbursed: May 1, 2007
Date Funded:Apr 17, 2007
Loan Ended:May 2, 2008

About the Country

Country:Samoa
Avg Annual Income:$6,344.00
Currency:United States Dollars (USD)



Lolofa Kerisimasi is 44-years old and has four children who live with her in the small Samoan village of Vaiee. Lolofa is grateful for the weaving talent that she has. She has used previous SPBD loans to leverage this talent to provide for her family. With very hard work, she can weave up to 10 fine mats per day that will sell for a total of ST 250 (approximately USD 100). Her mats are well known and villagers come to her and place advance orders for special occasions. With a thriving business and a history of repaying past loans in full and on time, Lolofa now qualifies for a home improvement loan. Providing funds to Lolofa will help her make some basic improvements to her family home’s roof and floor. Lolofa’s home also doubles as her workshop, and so a loan to Lolofa will help ensure that she can keep her raw materials and finished mats safe, clean and dry.





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Journal entries for Lolofa Kerisimasi


Loan has been disbursed
 
Entrepreneur: Lolofa Kerisimasi
Location: Vaiee, Samoa

Thank you for your loan. It has been disbursed to Lolofa Kerisimasi by South Pacific Business Development in Samoa. We are excited to watch this business grow. Over the next 12 - 16 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 Vaiee, Samoa
May 2, 2007
Comment on this entry

Journal for Lolofa Kerisimasi
 
Entrepreneur: Lolofa Kerisimasi
Location: Vaiee, Samoa

Lolofa is very good in weaving different Samoan items and handicrafts. That’s why she chose weaving as her major business to operate thus investing the loan she received from SPBD to improve it . Her last loan she got was all used to buy every materials needed for repairing and fixing her house because she knows that the money she earns from her business can pay up her weekly loan repayments. Lolofa is thankful for this program that has given hope to people like her who have no where else to get financial assistance from.


Posted by Isabel Tuatagaloa from Vaiee, Samoa
Mar 11, 2009
Comment on this entry

Kiva Help Repayment Schedule for Lolofa Kerisimasi

  Expected Repayments Actual Repayments Comments
August 2007 $70.83 $71.00 Repayment Received
September 2007 $70.83 $71.00 Repayment Received
October 2007 $70.83 $71.00 Repayment Received
November 2007 $70.83 $71.00 Repayment Received
December 2007 $70.83 $71.00 Repayment Received
January 2008 $70.83 $71.00 Repayment Received
February 2008 $70.83 $71.00 Repayment Received
March 2008 $70.83 $71.00 Repayment Received
April 2008 $70.83 $71.00 Repayment Received
May 2008 $70.83 $71.00 Repayment Received
June 2008 $70.83 $71.00 Repayment Received
July 2008 $70.87 $69.00 Repayment Received