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Elena
Elena is a 54-year-old widow with two children. She owns and operates a small store, selling a variety of items. She has been doing this for four years. Elena needs a loan to buy a new display refrigerator, a chest freezer, snacks, frozen goods, canned food, sack of onions, potatoes, vegetables and a large hanging scale. She hopes to use her profits to pay for the renovation of her house and help pay for her children's education. She became a member of SPBD in 2010 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.

Tags

About Samoa

  • $5,200
    Average annual income
  • 67
    View loans »
    Samoa Loans Fundraising
  • $7,683,900
    Funds lent in using Kiva
  • 2.3
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,350 helped Elena to buy a new display refrigerator, a chest freezer, snacks, frozen goods, canned food, sack of onions, potatoes, vegetables and a large hanging scale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2014
Listed
Aug 1, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 20, 2015