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Faaotaota
Faaotaota is 20 years old, married, and has two young children. She owns and operates a small business providing clothing repairs to local community members. She has two years of experience in this business. Faaotaota needs a loan of 1,500 WST to purchase additional fabrics and materials. She plans to use the profits to continue improving and expanding her business.

In 2011, Faaotaota 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 Faaotaota'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
  • 125
    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 $675 helped Faaotaota to buy fabric and materials for clothing repairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 7, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013