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Koleta
Koleta is 59 years of age and she is a widow with six children. Koleta owns & operates a business venture, planting & harvesting fruits & vegetables for sale. She has 2 years of experience in this business. Koleta needs a loan of WST 1500 to purchase general farm supplies & equipment. She plans to use the profit from her business (estimated to be 108 talas or US $45 per week) to supplement her family's income.

In 2008, Koleta 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 Koleta's 4th 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
  • 13
    View loans »
    Samoa Loans Fundraising
  • $7,072,525
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Koleta to purchase general farm supplies & equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Oct 16, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012