Posts Tagged ‘Safotu’

RKC Microfinance – Siva Neemia

Thursday, July 9th, 2009

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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RKC Microfinance – Tauese Pauga

Tuesday, July 7th, 2009

Micro-Entrepreneurs impacted by Robert Kennedy College

TAUESE (SAFOTU)

Borrower Name : Tauese Pauga
Village/Centre : Safotu

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

Business Sector : Agriculture
Business Activity : Farming
Loan Use : Purchase knapsack sprayer, knives, chemicals, ranging pole

Tauese Pauga, 70, is married with five children and lives in the village of Safotu, Sevaii. She is a farmer with one year of experience running a vegetable business that sells to villagers and the greater public three days per week. Tauese 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 vegetable business is 250 ST (~100 USD).  SPBD loans are Tauese’s only access to capital because she was never able to qualify for a loan at a traditional bank. Tauese will use the loan to purchase the equipment and supplies, including a knapsack sprayer, knives, chemicals, and a ranging pole, that will enable her to grow and maintain her vegetable plantation and business. Due to her age, Tauese will forgo hard labor on the plantation in favor of selling the taro, taamu, and banana harvest.

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RKC Microfinance – Tino Lavea

Tuesday, July 7th, 2009

Micro-Entrepreneurs impacted by Robert Kennedy College

TINO (SAFOTU)

Borrower Name : Tino Lavea
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, spoons, flour, baking soda, forks, etc.

Tino Lavea, 65, is married with eight children and lives in the village of Safotu, Sevaii. She has two years of experience in the ‘pancake’ business and she sells to villagers and the village school four days per week. Tino has no previous loan(s) 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 pancake business is 200 ST (~80 USD).  SPBD loans are Tino’s only access to capital because she was never able to qualify for a loan at a traditional bank. Tino will use the loan to purchase the equipment and ingredients, including frying pans, spoons, forks, flour, and baking soda, that will enable her to grow and maintain her pancake business. She will use a portion of the proceeds from the business to improve her family plantation.

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