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Aimalefoa Setema's Group
In this Group: Aimalefoa, Anesetasia, Anisela, Fagalele, Leai, Mataitusi, Nive, Poai, Sausoli, Silia, Taesega
This group is from the village of Vaiafai. It includes 12 ladies from the same area who run fishing businesses and plantations for their husbands, who are very good fishermen and farmers. They attend weekly meetings, which is a change for them, and look forward to successfully paying back their loan.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

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
  • 95
    View loans »
    Samoa Loans Fundraising
  • $7,694,275
    Funds lent in using Kiva
  • 2.5
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A portion of Aimalefoa Setema's Group's $3,625 loan helped a member to purchase agricultural and fishing equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 9, 2008
Listed
Jun 30, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009