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Toafa
Toafa is 30 years old and married with three children. She owns & operates a business venture, selling specialty food products in the local community. She has one year of experience in this business. Toafa needs a loan of WST $1000 to purchase raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 280 talas or US $117 per week) to financially support immediate members of her family.

In 2012, Toafa 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 Toafa's 1st 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

  • $5,200
    Average annual income
  • 92
    View loans »
    Samoa Loans Fundraising
  • $7,683,900
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Toafa to purchase ingredients to make food products for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 10, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013