Moise De Nagrin Group
Mrs. Assetou wants to buy one bag of rice, one jug of oil, and some Maggi bouillon cubes.
She uses her profits to re-invest in her activity, to increase her savings, and to help cover the household expenses. In the long run, she plans to expand her business and tackle other projects.
Mme est restauratrice depuis 03 ans. Elle s’approvisionne dans les boutiques et au grand marché de Ouagadougou. Ses clients sont ses amis, voisins, marchands et autres.
Mme veut s’acheter un (01) sac de riz, un (01) bidon d’huile et du cube maggi.
Mme utilise ses bénéfices pour investir dans son activité, épargner et contribuer aux dépenses de la famille. Elle ambitionne agrandir son restaurant et réaliser d’autres projets.
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.
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
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Success!! The loan was 100% repaid