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Solomua
Solomua is 39 years old and is married with six children. Solomua owns and operates a business venture, selling fried foods in the local community. She has one year of experience in this business. Solomua needs a loan of WST 1000 to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 300 talas or $125 per week) to improve the general living conditions of her family.

In 2011, Solomua 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 Solomua'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
  • 168
    View loans »
    Samoa Loans Fundraising
  • $7,268,400
    Funds lent in using Kiva
  • 2.4
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Solomua to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Oct 28, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 27, 2012