Sunday, September 20, 2009

OUR FIRST SUCCESS STORY FROM SAMOA

Fua Filipo has just repaid her loan in full. Here is her story:

LOAN DETAILS:
Name: Fua Filipo
Location: Samoa
Business: Farming
Loan For: to purchase farming and home improvement materials

FROM THE LOAN APPLICATION:
Fua Filipo, 34, is married with 5 children. She has 3 years of experience in selling bananas and taro. She sells to the public and villagers 2 days per week. She has one previous loan with SPBD. She expects her weekly net cash flow to be 350 Tala ($145.00).

This microloan is Fua’s only access to capital because she was never able to qualify for a loan with the traditional banks. She will also use the loan to buy cement and timber for home repairs.