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Agalelei
Agalelei is 32 years old, married, and has four children. She owns and operates a small store, selling a variety of items, which she has been doing for five years.

Agalelei requested a loan from SPBD, which she will use to buy a large chest freezer, a display fridge, a hanging scale, drinks, cigarettes, snacks, a sack of potatoes, onions, and a cash register. She hopes to save her profits from her sales to secure the betterment of her children's education. She became a member of SPBD in 2009 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.

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About Samoa

  • $5,200
    Average annual income
  • 132
    View loans »
    Samoa Loans Fundraising
  • $7,557,575
    Funds lent in using Kiva
  • 2.2
    Samoa Tala (WST) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,500 helped Agalelei to purchase a large chest freezer, a display fridge, a hanging scale, drinks, cigarettes, snacks, a sack of potatoes, onions ,and a cash register.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2014
Listed
May 20, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015