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Faimasasa
Faimasasa S. is 51 and married with seven children. She owns a business venture, planting & harvesting taro for sale. Faimasasa has 3 years of experience in this business. Faimasasa needs a loan of WST 1000 to purchase general farm supplies & equipment. She plans to use the earnings from her business (estimated to be 320 talas or US $133 per week) to financially support immediate members of her family.

In 2010, Faimasasa joined SPBD. This is her 1st loan with SPBD. SPBD's loans are Faimasasa'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
  • 142
    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 $400 helped Faimasasa to purchase general farm supplies & equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2010
Listed
Aug 24, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011