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Folole
Folole is twenty-seven years of age and is married with two children.

She owns and operates a business venture, selling specialty food products in the local community. She has six years of experience in this business.

Folole needs a loan of WST 2,000 to purchase new items to expand her product offering. She plans to use the profit from her business (estimated to be 260 talas or US $108 per week) to improve/expand the business.

Folole joined SPBD to gain access to financial services. Because they lack collateral, most of SPBD's clients are unable to borrow from commercial banks. This is Folole's fourth 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
  • 123
    View loans »
    Samoa Loans Fundraising
  • $7,268,400
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Folole to purchase new food items to increase her store's inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2013