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Foketi
Foketi is one of the young ladies that join SPBD last year. Her business is making handicrafts such as earrings for the ladies, bracelets, hair accessories and picture frames already designed with different styles. Foketi sells her products at the flea market at Fugalei, which is preferable because more income can be earned here than anywhere else. She started last year with a loan of $750 and now she is on her second loan of $1250. She sells her products throughout the week opening seven days from six o’clock in the morning to five o’clock in the evening earning $800 a day. After deducting all her expenses, she earns about four hundred to five hundred profit a day and about two thousand to two thousand and eighty tala a week. She is looking forward to supply more in the following week of the South Pacific Games.

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

  • $6,344
    Average annual income
  • 4
    View loans »
    Samoa Loans Fundraising
  • $7,072,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Foketi “Buy frames, paints, materials, x-saw and kofi for the carving”.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 18, 2007
Listed
Sep 4, 2007
Currency Exchange Loss:
N/A
Ended:
Dec 16, 2008