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Koreti
Koreti, a 53-year-old married mother of six, has been selling dried goods in the local community for five years. Koreti, who joined SPBD in 2009 to gain access to financial services, is requesting a loan of WST $2450 to purchase more raw ingredients needed to make products for sale. She plans to use the profit from her business (estimated to be 350 talas or US $146 per week) to improve/expand the business.



Most of SPBD's clients are unable to borrow from commercial banks because they lack collateral. This will be Koreti's fifth 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
  • 123
    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 $1,100 helped Koreti to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013