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Penelope
Penelope S. is 48 and married with 5 children. She owns a business venture, selling a variety of different products in the local community. Penelope has many years of experience in this business. Penelope needs a loan of WST $2100 to purchase additional products to sell. She plans to use the earnings from her business (estimated to be 650 talas or US $271 per week) to improve/expand the business.

Penelope joined SPBD.This is her 3rd loan with SPBD. SPBD's loans are Penelope's only access to capital because she was never able to qualify for a loan with traditional banks.

About SPBD
In 2000, Greg Casagrande founded SPBD and since then, it has expanded from the main island of Upolu in Samoa to Savaii, as well as Tonga. SPBD's philosophy of lending is based upon the Grameen Bank lending method.

Please join SPBD's lending team on KIVA to receive on-the-spot updates on SPBD: http://www.kiva.org/community/viewTeam?team_id=8375

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
  • 133
    View loans »
    Samoa Loans Fundraising
  • $7,268,400
    Funds lent in using Kiva
  • 2.6
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Penelope to purchase additional products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2010
Listed
Apr 12, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011