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Mile
Mile is 44 years old, married, and has five children. She owns and operates a small store, selling items such as soaps, frozen food, tinned food, snacks, drinks, etc. She has been doing this for two years.

Mile needs a loan to buy a second-hand pick-up to assist in running her business. She hopes to use her profits to extend and improve her business and to pay for her children's education. She became a member of SPBD in 2002 to gain access to capital for her business.

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
  • 111
    View loans »
    Samoa Loans Fundraising
  • $7,709,500
    Funds lent in using Kiva
  • 2.4
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,200 helped Mile to buy a second-hand pick-up for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2014