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Oli
Oli is a 66-year-old woman who is married with 7 children. She runs a business selling a variety of items in her community. She has 5 years of experience with this business. Oli has requested a loan to buy a large chest freezer, cartons of herring, bags of rice, cartons of milk, a whole box of corn beef, and a display fridge. She plans to use her profits to ensure the well-being of her family. She has been a member of SPBD since 2010.

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

  • $6,344
    Average annual income
  • 171
    View loans »
    Samoa Loans Fundraising
  • $7,268,400
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,450 helped Oli to buy a large chest freezer, cartons of herring, bags of rice, cartons of milk, a whole box of corn beef, and a display fridge.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
May 21, 2014
Currency Exchange Loss:
Possible