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Faga 1 Centre - Group 1
In this Group: Elise Faatu, Eve Eleni, Filiga, Laulelei, Lita, Patouli, Silaulelei
For these 7 women of Faga on the island of Savaii, these are their first loans from SPBD. They all undertook 4 weeks of training on managing a business, maintaining a savings account and then passed a written test on the SPBD principles: business, savings, weekly meetings, payments and group guarantee. Over the next 52 weeks, they will support each other in their individual business development and to guarantee on-time payments. The women of Faga will use their loans for the following purposes:



Elise Faatu S. (56, married, 5 children) and Eve Eleni T. (47, married, 4 children) will both purchase a weed-killing sprayer, chemicals, 2 knives, filings, a planting stick and axes to cultivate and sell taro, yams, tuamu and bananas.



Filiga T. (56, married, 8 children) will purchase a fishing boat, fishing net and flashlight to catch fish and seashells.



Laulelei A. (67, married, 10 children) will purchase 4 bundles of wire, chemicals and a knife to support her taro and banana business.



Lita F. (42, married, 3 children) will purchase a sewing machine, a weed-killing sprayer, knives and filings for both her sewing and vegetable businesses.



Patouli T. (49, married, 5 children) will purchase fertilizer, a spade, chemicals and bananas for both her vegetable (bananas, etc) and pancake businesses.



Silaulelei F. (53, married, 4 children) will purchase thread, scissors and other materials for her sewing business.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Samoa

  • $6,344
    Average annual income
  • 133
    View loans »
    Samoa Loans Fundraising
  • $7,268,400
    Funds lent in using Kiva
  • 2.7
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A portion of Faga 1 Centre - Group 1's $1,950 loan helped a member purchase of a weed-killing sprayer, chemicals, knives, etc….
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 15, 2008
Listed
Mar 31, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 5, 2009