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Olailagi
Olailagi T., 73, is married with six children. She has many years of experience in the taro and banana plantation business. She sells to the village community and general public, two days per week. She has had five previous loans with SPBD. She expects her weekly net cash flow to be 350 Tala (~$110 US). SPBD loans are Olailagi’s only access to capital because she has never been able to qualify for a loan with the traditional banks.

Additional Information

About SPBD

South Pacific Business Development (SPBD) improves conditions for families living in poverty by providing accessible credit, training, and guidance to help them start, grow and maintain micro-businesses, build assets, finance home improvements, and afford to educate their children. 99% of SPBD’s loans go to women, who can borrow in groups to guarantee one another rather than put up collateral.

About Samoa

  • $5,200
    Average annual income
  • 139
    View loans »
    Samoa Loans Fundraising
  • $7,557,575
    Funds lent in using Kiva
  • 3.0
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Olailagi to purchase tools and equipment such as spade, wheelbarrow, bush knives, water hose and rake.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2009
Listed
Jun 23, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010