RKC Microfinance – Siva Neemia

Micro-Entrepreneurs impacted by Robert Kennedy College

SIVA (SAFOTU)Borrower Name : Siva Neemia
Village/Centre : Safotu

Loan Amount : 1000 ST, 400 USD
Repayment Term : 12 months

Business Sector : Food
Business Activity : Food Production

Loan Use : Purchase frying pan, plastic bags, sugar, vegetable oil, bananas, etc.

Siva Neemia, 27, is married with three children and lives in the village of Safotu, Sevaii. She has over five years experience in the chip business and she sells her chips to retail outlets and the public five days per week. Siva 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 chip business is 200 ST (~80 USD).  SPBD loans are Siva’s only access to capital because she was never able to qualify for a loan at a traditional bank. Siva will use the loan to purchase the equipment and ingredients, including frying pans, plastic bags, sugar, vegetable oil, and bananas, that will enable her to grow and maintain the chip business. She believes part of the proceeds from the business can be used to improve a family run plantation. With improvements to the plantation, Siva’s family will be able to sell surplus crops for supplementary income  to the income provided by the chip business.

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