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Faasulu
Faasulu is a 47-year-old woman who is married with 9 children. She runs a sewing business in her community. She has many years of experience with this business. Faasulu has requested a loan to improve her home and buy new equipment for her business. She plans to use her profits to help with her children's education. She joined SPBD in 2008 to gain access to financial services.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Samoa

  • $6,344
    Average annual income
  • 0
    View loans »
    Samoa Loans Fundraising
  • $6,976,550
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Faasulu to pay for fabric rolls, oil, an iron roof, timber, nails, cement and paint.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 18, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013