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Faanimo
Faanimo came from a family of seven. She is 20 years of age and single. Her two brothers overseas help to support the family, but her family also runs a plantation as their main source of income. Having a large family and relying on the plantation were the reasons why Faanimo decided to join SPBD. She heard of SPBD through the village women; She joined so she could have something of her own. She chose to make pancakes because she is close to the village school and because the village people could buy from her anytime. This is Faanimo's first loan and she is very happy for the opportunity so she could develop her family in the future.

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
  • 35
    View loans »
    Samoa Loans Fundraising
  • $6,875,350
    Funds lent in using Kiva
  • 2.7
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Faanimo to buy supplies for her pancakes business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 26, 2007
Listed
Nov 12, 2007
Currency Exchange Loss:
Covered
Ended:
Jun 24, 2009