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Leaso
Leaso V., 65, is widowed with eleven children. She has three years of experience in the popcorn business. She sells to schoolchildren and villagers three days per week. She has had one previous loan with SPBD. This loan would be used to buy ingredients such as corn seeds, drippings, plastic paper and pots.


Leaso expects her weekly net cash flow to be 240 Tala (~$100 USD). SPBD loans are Leaso's only access to capital because she was never able to qualify for a loan with the traditional banks. She has children who are working and helps with some of the family needs.

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
  • 8
    View loans »
    Samoa Loans Fundraising
  • $6,875,350
    Funds lent in using Kiva
  • 2.5
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Leaso to buy ingredients such as corn seeds, dripping, plastic paper and pots.
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