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Laki
Laki is a 40-year-old mother of four children. Laki works hard to support her family by selling coconut water (locally referred to as a Niu drink). In Samoa, cracking a coconut and sticking a straw in it to drink the water is a favorite refreshment. Laki buys fresh coconuts from local villagers, and then she transports the coconut supply across the Samoan countryside to sell to hotels and in the larger Samoan markets. Laki is anxious to continue to offer the best service possible and ensure a consistent supply, so she is applying for a small loan to help her do this. Laki knows that with the South Pacific Games coming to Samoa later in the year, coconuts at hotels and markets will be in even larger demand. So she is anxious to keep investing in her business so that she can meet this large demand later in the year.

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
  • 21
    View loans »
    Samoa Loans Fundraising
  • $7,368,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Laki financing for purchasing coconut inventory.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 16, 2007
Listed
May 31, 2007
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2009