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Matalena
Matalena V., 39, is married with 4 children. She has many years' experience in the taro/banana business. She sells to the village community and Fugalei market 3 days per week. She has 3 previous loans with SPBD.

Matalena expects her weekly net cash flow to be 300 Tala (about US$ 125). SPBD loans are Matalena’s only access to capital because she was never able to qualify for a loan with the traditional banks. Because her balance restarts, she will use all her loan for her project.

The whole family spend their weekends at the plantation maintaining their plantation in good condition but mostly the head of the family is responsible in planning everything for the betterment of her 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.

About Samoa

  • $6,344
    Average annual income
  • 122
    View loans »
    Samoa Loans Fundraising
  • $7,121,475
    Funds lent in using Kiva
  • 2.5
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Matalena purchase chemicals, insect sprayer, bush knife, shovel.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 23, 2008
Listed
Jun 8, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009