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Utuoge Faalolo
Utuoge Faalolo P. is 72 years old, married, and has three children. She owns and operates a business selling pancakes, which she has been doing for two years. Utuoge Faalolo is requesting a loan of 1,000 WST, which she will use to purchase raw ingredients needed to make pancakes. She plans to use the profit from her business, estimated to be $83 per week, to improve and expand her business.

In 2011, Utuoge Faalolo 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 Utuoge Faalolo'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

  • $5,200
    Average annual income
  • 106
    View loans »
    Samoa Loans Fundraising
  • $7,709,500
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Utuoge Faalolo to purchase raw ingredients needed to make pancakees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
May 4, 2011
Currency Exchange Loss:
Possible
Ended:
May 22, 2012