Le Chateau Group
Update on Le Chateau GroupMme Abzeta is the representative of the group "Le Chateau." She is married and mother of seven children. The oldest is 24 years old and the youngest four years old. Two of her children go to school and she has five people in her care.
Mme Abzeta sells food products (cabbage, sweet peppers, eggplants). She has practiced this trade for 11 years. She stocks up in the surroundings of the village of Kombissiri. Her clients are resellers, women and men.
She wants to buy half a bag of sweet peppers, one crate of fresh tomatoes and hot peppers.
She saves her profits and invests a part of them back into her business. She aspires to buy herself a motorcycle to help herself get around.
Mme vend des condiments (choux, piments, aubergines). Elle exerce ce métier depuis 11ans. Elle s’approvisionne à Kombissiri village environnant. Ses clients sont les revendeurs, les femmes et hommes.
Mme veut s’acheter 1/2 sac de poivron, 01 caisse de tomate fraîche et de piment.
Elle épargne ses bénéfices et investi une partie dans son commerce. Mme ambitionne s’acheter un motocycle pour faciliter son déplacement.
Previous Loan DetailsMrs. Abzeta represents the group LE CHATEAU. She is married and the mother of 7 children. The oldest is 24 and the youngest is 4. Two of her children go to school and she has 8 people in her care. Mrs. Abzeta sells food products (cabbage, peppers, and eggplants). She has been doing this typ... More from Le Chateau Group's previous loan »
About Micro Start/AFDThis loan is administered by Micro Start/AFD, Kiva’s first Field Partner in Burkina Faso. Micro Start/AFD’s mission is to improve families' living conditions in general, and those of women in particular, by facilitating access to financial and non-financial services.
Micro Start/AFD is a professional microfinance institution offering financial services, advice, and training. One of the organization’s principal aims is to collect obligatory and voluntary savings that foster clients’ financial independence. Micro Start/AFD also focuses on building female entrepreneurs’ skills in management and business administration and improving the living conditions in its clients’ communities. More information can be found on Micro Start’s Kiva Field Partner Page.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid