Check out some available loans that are similar to this one!
Luisa
Luisa K. is 19 and single with one child. She owns a business, selling fabric handicrafts to tourists and local community members. Luisa has three years of experience in this business. Luisa needs a loan of WST $1500 to purchase raw materials to make additional handicrafts. She plans to use the earnings from her business (estimated to be 500 talas or US $208 per week) to improve and expand the business.

In 2009, Luisa joined SPBD, and this is her secnd loan with SPBD. SPBD's loans are Luisa '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

  • $5,200
    Average annual income
  • 95
    View loans »
    Samoa Loans Fundraising
  • $7,694,275
    Funds lent in using Kiva
  • 2.5
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luisa to purchase raw materials to make additional handicrafts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2010
Listed
May 7, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011