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Fatu
Fatu owns and operates a business venture selling soft drinks in the local community. She is 67 years old and married with five children. Fatu has three years of experience in her business. She needs a loan of 2,000 talas (WST) to purchase new equipment and tools to expand the business. She plans to use the profit from her business (estimated to be 400 talas or US $167 per week) to improve the general living conditions of her family.

In 2009, Fatu 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 Fatu's third 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
  • 6
    View loans »
    Samoa Loans Fundraising
  • $7,104,975
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Fatu to purchase new equipment and tools to expand the business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 21, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2013