Update on Ouindinmanegde GroupBinta is the representative of the Ouindinmanegde group, and is doing well. She is married, and is mother to three children. The oldest of her children is 10, and the youngest is 2 years and 3 months (27 months) old. Two of her children go to school, and she has three people under her care.
Binta has sold plastic kitchenware (cups, buckets, plates, kettles, etc.) and brooms for three years. She has bought her plastic items, and is very happy with Micro Start and its partners and prays that God blesses them. She has renewed her loan, and hopes that all will go well. She gets her supplies at a market in Sankariyaré, and her customers are male and female.
Binta wants to buy two dozen plates, three dozen cups, two dozen buckets and brooms.
She saves her profits to expand her business, as well as to improve her family’s living conditions. She plans to open a large store.
Elle vend des plats en plastique (gobelets, sceaux, plats, bouillards etc.) et ballets depuis 03ans. Binta a acheté ses objets en plastique. Elle est très contente de Micro START ET SES Partenaires et prie que DIEU les bénisse. Mme a renouvelé son crédit et espère que tout va bien se passer. Elle s’approvisionne au marché de sankariyaaré en ville .Ses clients sont les femmes et les hommes.
Elle veut s’acheter 02 douzaines de plats, 03 douzaines de gobelets, 02 douzaines de sceaux et des ballets.
Elle épargne ses bénéfices pour agrandir son commerce et améliorer les conditions de vie de sa famille. Elle ambitionne ouvrir une grande boutique.
Previous Loan DetailsMrs. BINTA is the representative of the Ouindinmanegde group. She is married with three children, of whom two attend school. The oldest is 10 years old and the youngest is one year and nine months, so she has three dependents. For the past three years, she has been selling kitchenware (cups,… More from Ouindinmanegde 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