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Fetu
Fetu, a 64-year-old married mother of six, owns and operates a business venture running bingo games. With four years of experience in this business, Fetu is requesting a loan, her sixth, of WST $2900 to purchase game prizes. She plans to use the profit from her business (estimated to be 550 talas or US $229 per week) to improve/expand the business.



In 2006, Fetu joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral.



About SPBD
In 2000, Greg Casagrande founded SPBD to improve the quality of life of people living in poverty in the poor island nations of the South Pacific. SPBD's philosophy of lending is based on a respect for each individual's innate human ingenuity, drive and self-esteem. Please join SPBD's lending team on KIVA to receive on-the-spot updates on SPBD. "

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
  • 109
    View loans »
    Samoa Loans Fundraising
  • $7,709,500
    Funds lent in using Kiva
  • 2.6
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Fetu to purchase game prizes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2010
Listed
Aug 12, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011