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Foai
When Foai heard about the SBPD program, she thought that it was a good opportunity for her and her family to get into fishing as a business and see whether they could achieve success. Foai is now operating a successful fishing business. Her husband goes out to sea to fish, and she sells the fish directly to the people in the village or at the fish market.

Foai’s family now has a fishing boat, which was financed by loans from SPBD. Her husband goes out to fish six days a week, if the weather permits. The least Foai realizes from her sales is never less than $600ST a week. Foai’s savings passbook shows that she saves more than the usual person in business.

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
  • 145
    View loans »
    Samoa Loans Fundraising
  • $7,268,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Foai purchase of fishing equipment and tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 18, 2007
Listed
Jun 3, 2007
Currency Exchange Loss:
N/A
Ended:
Jul 14, 2008