South Pacific Business Development (SPBD) - Samoa
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner Description:
South Pacific Business Development Samoa is part of the South Pacific Business Development network of microfinance institutions.
The network aims to improve the quality of life of families living in poverty by providing unsecured credit, training and ongoing motivation and guidance. Clients work with SPBD to start, grow and maintain micro-businesses, build assets, as well as finance home improvements and childhood education.
A unique lending approach:
SPBD uses a group lending strategy to provide working capital to women and help them develop small businesses. The organization also offers loans to women to pay for home improvements and children’s school expenses. In addition to loans, SPBD offers other services including voluntary savings plans and financial literacy training.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Jul 31, 2006 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $21,007,280 | $2,202,559,080 | |
| Amount of raised Inactive loans | $0 | $375,500 | |
| Number of raised Inactive loans | 0 | 116 | |
| Amount of Paying Back Loans | $584,480 | $155,421,750 | |
| Number of Paying Back Loans | 602 | 186,654 | |
| Amount of Ended Loans | $20,422,800 | $2,046,761,830 | |
| Number of Ended Loans | 26,466 | 2,694,986 | |
| Delinquency Rate | 97.30% | 11.01% | |
| Amount in Arrears | $158,284 | $10,554,373 | |
| Outstanding Portfolio | $159,314 | $95,852,353 | |
| Number of Loans Delinquent | 597 | 61,767 | |
| Default Rate | 0.30% | 1.81% | |
| Amount of Ended Loans Defaulted | $61,057 | $37,024,727 | |
| Number of Ended Loans Defaulted | 197 | 96,131 | |
| Currency Exchange Loss Rate | 0.01% | 0.40% | |
| Amount of Currency Exchange Loss | $1,919 | $13,693,739 | |
| Refund Rate | 0.20% | 0.52% | |
| Amount of Refunded Loans | $41,150 | $11,560,660 | |
| Number of Refunded Loans | 51 | 9,973 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 99.62% | 78.89% | |
|---|---|---|---|
| Average Loan Size | $762 | $407 | |
| Average Individual Loan Size | $773 | $603 | |
| Average Group Loan Size | $1,760 | $1,961 | |
| Average number of borrowers per group | 6.3 | 8.4 | |
| Average GDP per capita (PPP) in local country | $5,200 | $5,584 | |
| Average Loan Size / GDP per capita (PPP) | 14.66% | 7.29% | |
| Average Time to Fund a Loan | 13.1 days | 9.19 days | |
| Average Dollars Raised Per Day Per Loan | $58.20 | $44.29 | |
| Average Loan Term | 12.71 months | 11.52 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 1,527 | 1,302,004 | |
|---|---|---|---|
| Journaling Rate | 5.36% | 41.73% | |
| Average Number of Comments Per Journal | 0.13 | 0.02 | |
| Average Number of Recommendations Per Journal | 10.27 | 0.52 |
Borrowing Cost Comparison (based on 2017 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 45% PY | 51.00% PY | 28.52% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | -5.45% | -12.9% | -1.00% | |
| Average Loan Size (% of per capita income) | N/A | 11.00% | 0.00% |
Country Fast Facts
- Country:
- Samoa
- Capital:
- Apia
- Official Language:
- Samoan (Polynesian) (official), English
- Population:
- 196,628
- Avg Annual Income:
- $5,200
- Labor Force:
- agriculture: 65%, industry: NA%, services: NA%
- Population Below Poverty Line:
- N/A
- Literacy Rate:
- 99%
- Infant Mortality Rate (per 1000):
- 20.5 deaths
- Life Expectancy:
- 83.32 years
Lending Partner Staff
Vaiosina AinuuPaula Fa'u
Mele Fifita
Shalom Iosefo
Casey Moran
Lesieli Nau
Sasani Tuiloma