Micro-Entrepreneurs impacted by Robert Kennedy College
Loan Amount : 1000 ST, 400 USD
Repayment Term : 12 months
Business Sector : Retail
Business Activity : Retail
Loan Use : Purchase cement, sand, dust
Leaso Kerisimasi, 25, is married with two children and lives in the village of Iva, Savaii. She has over five years experience in the brick-making business and she sells to the public five days per week. Leaso 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 brick business is 300 ST (~120 USD). SPBD loans are Leaso’s only access to capital because she was never able to qualify for a loan at a traditional bank. Leaso will use her loan to purchase the production materials, including cement, sand, and dust, that will enable her to grow and maintain the brick businesss. She is a multi-talented young mother and will continue to run the family plantation alongside her brick-making enterprise.