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Faasala
Faasala L. is 32 years old and is divorced with 3 children. She has 3 years of experience in the Taamu/Taro Plantation business. She sells to the public and village people in their village market in Safua twice a week. She has had 1 previous loan from SPBD. She will use her loan to buy cement, timber and iron roofing to renovate her house because it is getting damaged. She expects her weekly net cash flow to be 80 WST. SPBD loans are Faasala’s only access to capital because she was never able to 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Samoa

  • $6,344
    Average annual income
  • 185
    View loans »
    Samoa Loans Fundraising
  • $7,268,400
    Funds lent in using Kiva
  • 3.1
    Samoa Tala (WST) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Faasala buy cement, timber and iron roofing for home renovation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010