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Koreta
Koreta P., 56, is married with five children. She has many years of experience in the groceries business. She sells to the village and general public 6 days per week. She has 3 previous loans with SPBD. She expects her weekly net cash flow to be 600 Tala (~$250 USD). SPBD loans are Koreta’s only access to capital because she was never able to qualify for a loan with the traditional banks. Koreta's earnings will be used to improve her business and help out with family expenses.

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
  • 6
    View loans »
    Samoa Loans Fundraising
  • $7,104,975
    Funds lent in using Kiva
  • 2.4
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Koreta koreta would like to buy stocks for her grocery business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 13, 2008
Listed
Aug 16, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009