Update on Tigingou GroupFati is the representative of the TIGINGOU group. She is married and the mother of three children. She is doing well and has just given birth to her third child. Her oldest child is 13 years old and her baby is two months old. One of her children goes to school. She has three people in her care.
Fati has been selling soap and children's clothing for the past 12 years. She stocks up in town, at the district 10 market. She works as an itinerant seller and sells to customers in all neighborhoods.
She wants to buy five bags of soap.
She plans to use her profits to strengthen her activity and to help her husband cover the family expenses. Her ambition is to buy a shed at the Nabig Yaar market.
Mme vend du savon, habits d’enfants depuis 12ans. Elle s’approvisionne au marché de secteur 10 en ville. Ses clients sont partout dans la ville car elle est ambulante.
Elle veut s’acheter 05sacs de savons.
Mme veut renforcer son activité et aider son mari dans les charges familiales avec ses bénéfices. Elle ambitionne s’acheter un hangar au marché de Nabig Yaar
Previous Loan DetailsMrs. FATI is responsible for TIGINGOU Group. She's married and the mother of two children. The oldest is 13 years old, the youngest is 8. One of them attends school. She has two persons to support. Mrs. FATI has been selling soaps and clothes for twelve years. She gets her supplies at the Sector… More from Tigingou 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
- 6 months (Additional Information)
- Repayment Schedule
- Oct 5, 2012
- Oct 13, 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.