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Ruta
Ruta is 18 years of age and married with one child. She a business planting and harvesting taro for sale. She has a year of experience in this business. Ruta needs a loan of WST $1000 to purchase additional seeds, seedlings and young crops to raise. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to improve the general living conditions of her family.

Ruta joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is Ruta's first loan with 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

  • $6,344
    Average annual income
  • 123
    View loans »
    Samoa Loans Fundraising
  • $7,121,475
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Ruta to purchase additional seeds, seedlings and young crops to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2011
Listed
May 4, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2012