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Akenese
Akenese U., 46, is married with 6 children. She has many years of experience in the ice candy business. She sells to the villagers 4 days per week. She has had 2 previous loans with SPBD. She expects her weekly net cash flow to be 350 Tala (about $145 USD). SPBD loans are Akenese’s only access to capital because she does not qualify for a loan with the traditional banks.

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

  • $5,200
    Average annual income
  • 137
    View loans »
    Samoa Loans Fundraising
  • $7,557,575
    Funds lent in using Kiva
  • 3.0
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Akenese purchase coolio, sugar, foam cups, plastic papers and Chinese lollies for her ice candy business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2008
Listed
Jan 7, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010