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Galu
Galu is twenty-nine years of age and is married with three children.

Galu is starting a business venture selling ice cream in the local community. Galu needs a loan of WST 1000 to purchase a new refrigerator and ice cream. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to improve/expand the business.

Galu 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 Galu's second 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
  • 141
    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 Galu to purchase a new refrigerator and ice cream.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 9, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2013