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Fualole
Fualole S. is 61 and married with 6 children (ages 17 - 38). She owns a business venture, selling food products in the local community. Fualole has 2 years of experience in this business. Fualole needs a loan of WST$1500 to purchase additional products to sell. She plans to use the earnings from her business (estimated to be 500 talas or US $208 per week) to improve/expand the business.

In 2009, Fualole joined SPBD. This is her 2nd loan with SPBD. SPBD's loans are Fualole'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
  • 23
    View loans »
    Samoa Loans Fundraising
  • $6,856,575
    Funds lent in using Kiva
  • 2.5
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fualole to purchase additional products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2010
Listed
Jul 20, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011