100%

funded

Total loan: $875

Sisifo

Alaoa, Tuamasaga, Samoa / Agriculture

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A loan helped to purchase general farm supplies & equipment.


Sisifo's story

Sisifo F. is 37 and married with 4 children (ages -month - 14). She owns a business venture, planting & harvesting cocoa for sale. Sisifo has 3 years of experience in this business. Sisifo needs a loan of WST $2200 to purchase general farm supplies & equipment. She plans to use the earnings from her business (estimated to be 300 talas or US $125 per week) to pay for her children's tuition fees. In 2007, Sisifo joined SPBD. This is her 3rd loan with SPBD. SPBD's loans are Sisifo's only access to capital because she was never able to qualify for a loan with traditional banks. The following social metrics for Sisifo F. are provided by SPBD*: Overall Social Metric Score: 1.4 out of 3 Level of Education: 1.3 out of 3 Level of total Household Income: 1.3 out of 3 Quality of Household Assets: 1.4 out of 3 *SPBD measures the living conditions of each of its borrowers to track her loan progress. The overall social metric score, provided by SPBD, is based upon a number of factors, such as the condition of the house/household assets, health, education, income level, and family reputation. A higher number represents a higher score. For example, a ""3 out of 3"" on education would mean that the borrower has graduated from university; a ""2 out of 3"" = secondary/high-school, and a ""1 out of 3"" would mean that the borrower is uneducated. For more information on this score, please see SPBD's partner page at: http://partners.kiva.org/about/aboutPartner?id=15 About SPBD In 2000, Greg Casagrande founded SPBD and since then, it has expanded from the main island of Upolu in Samoa to Savaii, as well as Tonga. SPBD's philosophy of lending is based upon the Grameen Bank lending method. Please join SPBD's lending team on KIVA to receive on-the-spot updates on SPBD: http://www.kiva.org/community/viewTeam?team_id=8375