- Burkina FasoRetailFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
- MaliFoodFunding via Réseau de Micro-institutions de Croissance de Revenus (RMCR)
- MaliAgricultureFunding via Réseau de Micro-institutions de Croissance de Revenus (RMCR)
Mande 2 Group
Update on Mande 2 GroupMs. ABIBATA is the representative of the group MANDE 2. She is doing well. She is married and the mother of three children. The oldest is 15 years old, and the youngest is 7. They all go to school. She has three persons to support.
Ms. ABIBATA has been selling vegetables for two years. She gets her supplies from the Pissy market. Her customers include men and women. She is very happy with how nicely her past loan went.
She wants to purchase a sack of okra, a sack of cabbage, a sack of eggplant, and other vegetables.
She saves her profits in order to expand her stall. She also has ambitions to open a warehouse for vegetables and to send her children to school.
Mme vend des légumes depuis 02ans. Elle s’approvisionne au marché de pissy .Ses clients sont les hommes et femmes. Elle est très contente du bon déroulement de son prêt passé.
Mme veut s’acheter 01 sac de gombo sec ; 01 sac de choux et 01 sac d’aubergine et autres légumes.
Elle épargne ses bénéfices pour agrandir son hangar. Mme tient toujours ses ambitions qui est d’ouvrir une boutique de stockage pour les légumes et de scolariser ses enfants.
Previous Loan DetailsMrs. Abibata is the representative of the Mande 2 Group. She is married and the mother of three children. The eldest is 15 years old and the youngest is 7. All of them attend school and she has three people in her care. Mrs. Abibata has been selling vegetables for two years. She gets her suppl... More from Mande 2 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.
About Burkina Faso
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Aug 3, 2012
- Aug 26, 2012
- Currency Exchange Loss:
- Feb 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.