Ya Nere Group
Update on Ya Nere GroupHaoua is the Ya Nere group leader. She is married and the mother of 4 children aged between 12 years and 10 months. Two children are going to school and Haoua is responsible for 3 people. She is doing well.
Haoua has been selling pagnes (highly decorative and colourful West African fabric), ready-to-wear clothes, and shoes for 10 years. She gets her supplies at the Sector 10 market in town. Her customers are both women and men.
She managed her previous loan well and is very happy. [For this loan] Haoua would like to buy 5 lengths of pagnes, 1/2 dozen pairs of shoes, and a 1/2 dozen pieces of clothing.
She will use her profits to improve her business and to buy herself a motorbike. She would like to expand her business to better serve her customers and to be able to save up money. She hopes one day to open her own shop.
Mme vend des pagnes, des prêts à porter et des chaussures depuis 10 ans. Elle s’approvisionne au marché du secteur 10. Elle a bien exécuté son prêt passé et est très contente. Ses clients sont les hommes et femmes.
Elle veut s’acheter 05 pièces de pagnes, ½ douzaine de chaussures et ½ douzaine de prêts à porter.
Avec ses économies, elle veut améliorer son activité et s’acheter une moto. Elle souhaite cette voici agrandir son activité afin de mieux satisfaire sa clientèle et pouvoir épargner. Mme ambitionne ouvrir une boutique.
Previous Loan DetailsHaoua is the Ya Nere group leader. She is married and the mother of 4 children aged between 12 years and 4 months. Two of the children go to school and Haoua is responsible for 6 people. Haoua has been selling pagnes (highly decorative and colourful West African fabric) for 10 years and she gets… More from Ya Nere 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 17, 2012
- Sep 15, 2012
- Currency Exchange Loss:
- Mar 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.