Funded

Total loan: $800
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Luaao

Samoa
Matatufu, Samoa / Farming

A loan of $800 helped to purchase additional seeds, seedlings, and young crops to raise.


Luaao's story

Luaao is a married mother, she is 66 years old, and has 12 children.

Luaao owns and operates a business venture, planting and harvesting bananas for sale. She has three years of experience in this business. Luaao needs a loan of WST $1900.00 to purchase additional seeds, seedlings, and young crops to raise. She plans to use the profit from her business (estimated to be 300 talas or US $125 per week) to improve and expand the business.

In 2009, Luaao 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 Luaao's third loan with SPBD.

*SPBD evaluates the living conditions of each of its borrowers. Generally, a loan manager evaluates a variety of social metrics on a scale out of 3 (the higher the number, the better off the person is) and these are averaged for the "overall social metric score." For example, a 3 out of 3 on "level of education" would mean that the borrower has graduated from university.

About SPBD In 2000, Greg Casagrande founded SPBD to improve the quality of life of people living in poverty in the poor island nations of the South Pacific. SPBD's philosophy of lending is based on a respect for each individual's innate human ingenuity, drive and self esteem. Please join SPBD's lending team on KIVA to receive on-the-spot updates on SPBD.



Loan details

Loan length:

13 months
Disbursed date: November 3, 2011
Facilitated by Field Partner: South Pacific Business Development (SPBD)

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: November 3, 2011
Facilitated by Field Partner: South Pacific Business Development (SPBD)