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Faleifue
Faleifue L., 40, is married with 4 children. She has many years of experience in the popcorn business. She sells to relatives and the village community and also at the local primary school 5 days per week. She has 2 previous loans with SPBD. She expects her weekly net cash flow to be 350 Tala (~145 USD).

SPBD loans are Faleifue’s only access to capital because she was never able to qualify for a loan with the traditional banks. She will also support her kids at school and make her church contribution. Her husband is always engaged in operating the 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

  • $5,200
    Average annual income
  • 135
    View loans »
    Samoa Loans Fundraising
  • $7,557,600
    Funds lent in using Kiva
  • 2.4
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Faleifue replace stove, cooking equipment; also pay for overhead cost of business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 16, 2008
Listed
Sep 1, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009