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Korina
Korina is married with six kids that are all living together in one place with just two of them working. She had applied for a $300USD loan which was used to buy the ingredients such as cordials, sugar and plastic bags for her ice-cake business . She sells them at school five days per week and in the village every day. She earns $45ST per day but if she produced more she could earn $65 per day. She hopes that her next loan will be used to buy a big freezer for the business replacing her current small and old one.

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
  • 138
    View loans »
    Samoa Loans Fundraising
  • $7,557,575
    Funds lent in using Kiva
  • 2.7
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Korina to buy supplies for her ice-cake business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 22, 2007
Listed
Nov 7, 2007
Currency Exchange Loss:
Covered
Ended:
Jun 24, 2009