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Ivapene
Ivapene L., 44, is married with seven children. She has many years of experience in the sewing business. She sells to the villagers, families, and public six days per week. She has two previous loans with SPBD. She expects her weekly net cash flow to be 500 Tala (about US$208). SPBD loans are Ivapene’s only access to capital because she was never able to qualify for a loan with the traditional banks. The loan will be used to purchase a new hand sewing machine, fabrics, needles, threads, and materials. Part of the loan will be used to buy timber, cement, bricks, nails, and iron roofs for improving her family's living conditions.

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

  • $6,344
    Average annual income
  • 134
    View loans »
    Samoa Loans Fundraising
  • $7,121,475
    Funds lent in using Kiva
  • 2.9
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ivapene purchase a new hand sewing machine, fabrics, needles, threads, and materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2008
Listed
Jan 11, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010