Mont Sinaï Group
Mrs. Fati has been selling porridge and cassava flour for seven years. She buys her supplies in the city of Lomé, in TOGO. Her customers are friends and neighbors.
She plans to buy two 100 kg bags of cassava flour, one bag of millet, half a bag of sugar, and half a truckload of wood.
She uses her savings to support her children`s education. In the future, she plans to expand her business activity.
Mme vend de la bouillie et du gari (farine de manioc) depuis 07ans. Elle s’approvisionne à Lomé au TOGO. Ses clients sont les amis et voisins.
Elle veut s’acheter 02 sacs de 100 kg de gari ; 01 sac de mil ; ½ sac du sucre ; ½ chargement d’un camion de bois.
Mme utilise ses économies pour aider à la scolarisation des enfants et ambitionne agrandir son activité.
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