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Ana Simone Fiso's Group
In this Group: Ana, Eseta, Kalala, Koki, Luatasi, Pamata, Ruta, Sailiomanu, Vaisola
This group includes nine women from Vaitoomuli. They are honest women who work hard to start up their businesses. Some of them farm, some of them fish, and others sell vegetables in the village and at a larger market. They earn more than $100 tala (US $41) in profit every week. They are looking for their next loan to expand the businesses and for home improvement. They are aware of SPBD rules and regulations and they are strict in enforcing them in their group.

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
  • 102
    View loans »
    Samoa Loans Fundraising
  • $7,709,500
    Funds lent in using Kiva
  • 2.5
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A portion of Ana Simone Fiso's Group's $2,550 loan helped a member to purchase farming and fishing equipment and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 16, 2008
Listed
Jun 30, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009