19 Dec 2007

Applications for home loan scheme in American Samoa proves popular

11:48 am on 19 December 2007

Applications for a home loan from American Samoa's Development Bank are proving popular.

Meetings to discuss the loan program were held last month.

The bank's president, Utu Abe Malae, says about US$500,000 available, but could expand up to $700,000 depending on extra funding.

He says the loan for home repairs and new homes is on a first come first served basis.

Applications close on December 21.