Update on Tongnooma GroupSompassekde is the representative of the TONGNOOMA group. She is doing very well and has been able to buy clothes, as she expected. She is married and has no children, therefore no one attends school. She has one person in her care.
For the past three years she has been selling ready-to-wear clothing for women, girls and boys. With her profits, she has been able to do many things for her family.
She has renewed her loan and is planning to work in a way that her work is more profitable. She stocks up at the 10th district in town. Her customers are women, girls and children.
She wants to buy three dozen tops for women and girls, one dozen complete outfits for children, and some "pagnes" (colorful West-African fabrics).
Sompassekde saves her profits to expand her business. Her ambition is to purchase a motorized bicycle and to contribute to the family expenses.
Elle vend des vêtements prêt à porter pour femmes, filles et garçons depuis 03ans. Avec ses bénéfices réalisées, elle a pu réalisé beaucoup de choses dans sa famille. Mme a renouvelé son crédit et compte travailler pour mieux rentabiliser son travail. 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 1 douzaine de complets pour enfants et des pagnes.
Elle épargne ses bénéfices pour agrandir son commerce. Elle ambitionne acquérir un motocycle et contribuer aux dépenses de la famille.
Previous Loan DetailsSOMPASSEDKE 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 mark... More from Tongnooma 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