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Faataualofa
Faataualofa is 32 years old and married with three children. She plants and harvests bananas for sale. She has two years of experience in this business. Faataualofa needs a loan of 1,500 Samoa talas (WST) to purchase farm supplies and equipment. She plans to use the profit from her sales (estimated to be 350 talas per week) to improve/expand the business.

In 2011, Faataualofa 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 Faataualofa'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
  • 126
    View loans »
    Samoa Loans Fundraising
  • $7,121,475
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Faataualofa to purchase farm supplies and equipment to grow bananas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Mar 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013