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Malia
Malia is 59 years old and married with six children. She owns and operates a small store, selling a variety of items. She has been doing this for nine years. Malia needs a loan to buy a large display fridge, a new chest freezer, a cash register, a new hanging scale, snacks, frozen goods and canned food. She hopes to save her profits for the expansion of her business. She became a member of SPBD in 2005 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.

About Samoa

  • $5,200
    Average annual income
  • 137
    View loans »
    Samoa Loans Fundraising
  • $7,557,600
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,325 helped Malia to buy a large display fridge, a new chest freezer, a cash register, a new hanging scale, snacks, frozen goods and canned food.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015