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Selina
Selina S., a 42-year-old married mother of five children, has been planting and harvesting taro for sale for many years. She is now requesting a loan of WST$1500, her second loan from SPBD, to invest in expanding the business. She plans to use the earnings from her business (estimated to be 500 talas or US $208 per week) to improve/expand her enterprise. In 2008, Selina joined SPBD, whose loans are her only access to capital because she has never qualified for a loan from 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
  • 9
    View loans »
    Samoa Loans Fundraising
  • $6,875,350
    Funds lent in using Kiva
  • 2.6
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Selina to invest in expanding the business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2010
Listed
Jul 12, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011