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Tolusefulu's Group
In this Group: Tolusefulu, Tauvela, Isalei
For these three new members to Manono Tai Centre, this their first loan from the SPBD programme. They grew up on Manono island which is located between the two main island of Samoa. Their main talent is fishing and they are very glad that they have an opportunity of not having to depend on their families overseas. They wish to maintain and improve their businesses, which will improve the standard of living for their families. They also have children at school. School fees and lunches are one of their main expenses, as well as church donations and contributions for their extended families.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Samoa

  • $6,344
    Average annual income
  • 21
    View loans »
    Samoa Loans Fundraising
  • $7,481,350
    Funds lent in using Kiva
  • 2.7
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A portion of Tolusefulu's Group's $850 loan helped a member to buy fishing gear.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 5, 2008
Listed
Dec 22, 2007
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009