Total loan: $1,400
Tulaele, Upolu, Samoa / Food
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A loan helped to buy more fish to raise on her fish farm.
Faaifo is 38 years old and married with 6 children whose ages range from 3 to 22. She owns & operates a business venture of raising & selling farm-raised fish. She has 5 years of experience in this business. Faaifo needs a loan of WST $3,200 to purchase additional fish to raise. She plans to use the profit from her sales (estimated to be 500 talas per week) to expand the business. In 2006, Faaifo joined SPBD to gain access to financial services. Most of SPBD's clients are unable to borrow from commercial banks, because they lack collateral. This is her 6th loan with SPBD.