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Folole
Folole F., 54, is married with six children. She has many years of experience in the handicrafts business. She sells to the public and villagers three days per week.


Folole has had six previous loans with SPBD. This loan would be used for buying tools and equipment for the handicraft business. She expects her weekly net cash flow to be 370 Tala (~$154 USD). SPBD loans are Folole's only access to capital because she was never able to qualify for a loan with the traditional banks.

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
  • 103
    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 loan of $1,200 helped Folole to buy tools and equipments needed for making her handicrafts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 22, 2008
Listed
Oct 7, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009