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Faavae
Faavae is fifty-four years old and married with four children. She owns and operates a tailoring business, providing general alteration and tailoring services to local community members. She has many years of experience in this business. Faavae needs a loan of WST $1,750 to invest in expanding the business. She plans to use the profit (estimated to be 300 Talas per week) to financially support immediate members of her family.

In 2006, Faavae 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 Faavae's sixth 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
  • 21
    View loans »
    Samoa Loans Fundraising
  • $7,481,350
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Faavae to purchase materials to expand her tailoring business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2012
Listed
Feb 18, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2013