Check out some available loans that are similar to this one!
Salelologa I Centre - Group 1
In this Group: Elisapeta, Faaiuga Taotua, Teuila, Vaofetu
While Salelologa, the capital village of Savaii Island, is largely semi-urbanized, its outlying areas are still agricultural. The Salelologa I Centre is located in a largely agricultural area and the people in the community still subsist on farming and vegetable gardening. It is also their main source of income. The women who formed the Salelologa I Centre are determined to improve their present living conditions. With the help of small loans from SPBD they will be able to upgrade their farms and vegetable gardens and also expand into other income-generating activities including: sewing, elei printing, and pancake-making. These activities are a good way of augmenting their household income.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Samoa

  • $5,200
    Average annual income
  • 87
    View loans »
    Samoa Loans Fundraising
  • $7,709,500
    Funds lent in using Kiva
  • 2.7
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A portion of Salelologa I Centre - Group 1's $1,125 loan helped a member to purchase farming implements, agricultural supplies and pay for additional farm labor.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 6, 2008
Listed
Mar 21, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009