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Elisapeta
Elisapeta is a 59-year-old widow with 5 children. She has a small taxi business. She has many years with this business.

Elisapeta needs a loan to buy a secondhand taxi vehicle to increase the numbers of taxis in her business. She will use her profits to buy more vehicles so that she will have her own taxi stand to serve her community and also to support her family. Elisapeta joined SPBD in 2007 to gain access to financial services.

Additional Information

More information about this loan

This loan is part of SPBD's new SME (small and medium-sized enterprises) loan program. The goal is to serve the "missing middle," a group of borrowers that requires loan amounts too large for typical microfinance, but is still seen as too risky by commercial institutions. In addition to credit, SPBD also provides in-depth training to help entrepreneurs successfully scale their businesses.

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.

Tags

About Samoa

  • $5,200
    Average annual income
  • 139
    View loans »
    Samoa Loans Fundraising
  • $7,557,575
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,300 helped Elisapeta to buy a secondhand taxi vehicle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014