Update on Lagon GroupChantal is the leader of the Lagon group. She is married and the mother of two children. Her oldest child is 13 years old, and the youngest is 4 years old. Both her children attend school and she has 4 other people in her care. Chantal has sold cakes for 9 years. She stocks up in a boutique in Sector 17 of the city.
Chantal's customers are friends, neighbors, and shops (store managers). She wants to purchase a bag of sugar, a bag of wheat flour, and a 20L drum of oil. With her savings, Chantal wants to improve her business. Her goal is to save and to help her husband with the schooling of their children.
Mme vend des gâteaux depuis 09 ans. Elle s’approvisionne dans une boutique au secteur 17. Ses clients sont les amis, les voisins et les boutiques (gérant de boutique).
Elle veut s’acheter un sac de sucre, un sac de farine de blé et un bidon d’huile de 20l.
Avec ses économies, elle veut améliorer son activité. Mme ambitionne épargner et aider son mari pour la scolarisation de ses enfants.
Previous Loan DetailsMrs. CHANTAL is the head of the LAGON group. She is married and the mother of two children aged 4 and 13 who both attend school. She has four dependents. Mrs. Chantal has been selling cakes for nine years. She buys her merchandise in a shop located in Sector 17, in the city. Her client base co... More from Lagon 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
About Burkina Faso
23View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Sep 4, 2012
- Sep 16, 2012
- Currency Exchange Loss:
- Apr 17, 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.