Funded

Total loan: $825
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Penelope

Samoa
Eva, Samoa / General Store

A loan of $825 helped to purchase additional products to sell.


Penelope's story

Penelope S. is 48 and married with 5 children. She owns a business venture, selling a variety of different products in the local community. Penelope has many years of experience in this business. Penelope needs a loan of WST $2100 to purchase additional products to sell. She plans to use the earnings from her business (estimated to be 650 talas or US $271 per week) to improve/expand the business.

Penelope joined SPBD.This is her 3rd loan with SPBD. SPBD's loans are Penelope's only access to capital because she was never able to qualify for a loan with traditional banks.

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



Loan details

Loan length:

14 months
Disbursed date: March 11, 2010
Facilitated by Field Partner: South Pacific Business Development (SPBD)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: March 11, 2010
Facilitated by Field Partner: South Pacific Business Development (SPBD)