Update on RihannataRihannata is married and the mother of four children. She is doing well. The eldest is 36 years old, and the youngest is 21. None are attending school. In total, she has six people to support.
Rihannata has been selling charcoal and also cereals for ten years. She gets her supplies from 'sector 30' in Ouagadougou. Her customers are essentially from the neighbourhood.
She wants to buy 10 sacks of charcoal and some cereals.
With her profits, she wants to strengthen her business, and to help her husband to cover the family expenses. She has plans to grow her business (trips to the outlying areas to purchase cereals and charcoal).
Mme vend du charbon de bois et aussi des céréales depuis 09ans. Elle s’approvisionne au secteur 30 à Ouagadougou. Ses clients sont partout dans le quartier.
Elle veut s’acheter 10 sacs de charbon et des céréales.
Avec ses bénéfices, elle veut renforcer son activité et aider son mari pour les dépenses familiales. Elle ambitionne agrandir son activité (voyage dans les provinces pour acheter les céréales et le charbon).
Previous Loan DetailsMs. Rihannata is married and the mother of four children. The eldest is 35 years old, and the youngest is 20. None are attending school. She has ten persons to support. Rihannata has been selling charcoal for eight years. She gets her supplies from surrounding villages. Her customers are her neig... More from Rihannata'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.
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Success!! The loan was 100% repaid