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Tongnooma Group
In this Group: Sompassekde, Mariam, Kadigue, Gyestalba Sabine, Hawa

Update on Tongnooma Group

Mrs. Sompassekde is the representative for the Tongnooma group. She is married and has no children. Although she does not have school-age children she financially supports one person.

For the past three years she has been selling ready-wear clothing for women, girls and boys. She buys her merchandise in town at the 10th district market. Her customers are women, girls and children.

She wants to buy three dozen tops for women and girls and 15 complete outfits for children. She is saving her profits in order to increase the size of her business. Her goal is to buy a motorcycle and to help pay for her family's expenses.
View original language description ↓
Mme SOMPASSEKDE est la représentante du groupe TONGNOOMA. Elle est mariée et n’a pas d’enfant. Personne ne va à l’école. Elle a 01 personne en charge.

Elle vend des vêtements prêt à porter pour femmes, filles et garçons depuis 03ans. Elle s’approvisionne au marché du secteur 10 en ville .Ses clients sont les femmes, les filles et les enfants.

Elle veut s’acheter 03douzaines de hauts pour femmes et filles et 15 complets de tenus pour enfants.

Elle épargne ses bénéfices pour agrandir son commerce. Elle ambitionne acquérir un motocycle et contribuer aux dépenses de la famille.

Previous Loan Details

SOMPASSEDKE is the facilitator of the TONGNOOMA group. She is married and has no children. Although she does not have school-age children she financially supports one person. She has been selling clothes for women, girls and boys for 3 years. She buys her merchandise at the 10th district… More from Tongnooma Group's previous loan »

Additional Information

About Micro Start/AFD

This 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.

About Burkina Faso

  • $1,284
    Average annual income
  • 5
    View loans »
    Burkina Faso Loans Fundraising
  • $1,408,125
    Funds lent in using Kiva
  • 492.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tongnooma Group's $575 loan helped a member buy three dozen tops for women and girls and 15 complete outfits for children.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012