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Merita
Merita is already 73 but she is still a very active businesswoman. When she joined the SPBD microfinance program she borrowed a small amount to start her sewing business at home. Despite her age, the quality of her sewing has attracted a growing number of customers. Gradually she was able to grow her sewing business and is now contemplating expanding her house so that she can have a separate shop room for her sewing 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
  • 0
    View loans »
    Samoa Loans Fundraising
  • $6,976,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Merita to expand her shop and purchase additional fabrics for her sewing business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 14, 2007
Listed
May 29, 2007
Currency Exchange Loss:
N/A
Ended:
Jul 14, 2008