Micro-Entrepreneurs impacted by Robert Kennedy College
Loan Amount : 1000 ST, 400 USD
Repayment Term : 12 months
Business Sector : Food
Business Activity : Bakery
Loan Use : Purchase drum, sugar, baking soda, custard etc.
Salafai Suaesi, 52, is married with 12 children. She has one year of experience in the bakery business and she sells to the villagers and public six days per week. Salafai has no previous loans with SPBD and she will repay her first 1000 ST (~400 USD) loan over a period of twelve months. The expected weekly net cash flow from the bakery is 400 ST (~160 USD). SPBD loans are Salafai’s only access to capital because she was never able to qualify for a loan at a traditional bank. Salafai will use her loan to purchase the equipment and ingredients, including a stirring drum, sugar, baking soda, and custard, that will enable her to start and maintain her bakery business. She will use a portion of the proceeds from the bakery to purchase equipment for her family run plantation.