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Palolo
Palolo is twenty-one years of age and married.

Palolo is starting a business venture, planting and harvesting bananas for sale. Palolo needs a loan of WST $1,000 to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives. She plans to use the profit from her business (estimated to be 250 talas or US $104 per week) to financially support immediate members of her family.

In 2012, Palolo 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 Palolo'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

  • $6,344
    Average annual income
  • 20
    View loans »
    Samoa Loans Fundraising
  • $7,396,175
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Palolo to purchase harvesting equipment such as wheelbarrows, shovels, rakes, baskets, and knives.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013