Check out some available loans that are similar to this one!
Fusi Safotulafai Centre - Group 2
In this Group: Motu Mataitoga, Tufaiga, Faasalafa, Silia, Eleoupu
For these 5 women of Fusi Safotulafai Centre on the island of Savaii, these are their first loans from SPBD. They all undertook 4 weeks of training on managing a business and 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.



Motu Mataitoga T., 49, is married with 7 children. She is entering the taro business. Her family has a history of farming but not for sale. With her loan, she will purchase a weed killer, pesticides, a filing, and 2,500 taro roots.



Tufaiga A., 35, is married to a farmer and has 6 children. She and her husband have farmed a taro plantation for over 5 years. With her loan, she will purchase a weed killer, pesticides, a bush knife, a filing, and an axe. She plans to earn 120 Tala (~48 USD) per week in net cash flow by selling her taro at the Salelologa market.



Faasalafa V., 48, is married with 4 children. She and her husband have farmed a taro plantation for over 3 years. With her loan, she will purchase pesticides, a bush knife, and a spade. She plans to earn 300 Tala (~120 USD) per week in net cash flow by selling her taro at the Salelologa market.



Silia S., 59, has 2 children and is married to a farmer. She is starting a business selling pancakes (deep fried pieces of dough) and ice cakes (ice cream). With her loan, she will purchase 2 bags of flour, 2 bags of sugar, 2 bags of yeast, 2 cans of cooking oil, and 4 plastic cups. She will sell her food 5 days a week in her village, at the school and to passersby.



Eleoupu P., 43, is married with 4 children. She has over 2 years of experience in taro farming. With her loan, she will purchase a weed killer, pesticides, a knife, and a filing, and also hire 5 workers.

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

  • $5,200
    Average annual income
  • 139
    View loans »
    Samoa Loans Fundraising
  • $7,557,575
    Funds lent in using Kiva
  • 2.7
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A portion of Fusi Safotulafai Centre - Group 2's $1,225 loan helped a member purchase supplies for taro farming, including weed killer, pesticides, tools, and taro roots.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 16, 2008
Listed
Apr 28, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 24, 2009