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Koreti
Koreti P., 33, is married with 4 children. She has many years of experience in the banana and taro business. She sells to the villagers and the public 4 days per week. She has had 1 previous loan with SPBD. She expects her weekly net cash flow to be 400 Tala (~166 USD). SPBD loans are Koreti's only access to capital because she was never able to qualify for a loan with the traditional banks. She will use her loan to improve her business and her husband will help her operate 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

  • $6,344
    Average annual income
  • 122
    View loans »
    Samoa Loans Fundraising
  • $7,121,475
    Funds lent in using Kiva
  • 2.5
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Koreti purchase chemicals, pesticides, vegetable seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 19, 2008
Listed
Oct 5, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009