Update on Avila GroupMarima is the representative of the group AVILA. She is doing well, as is her large family. Marima is married and the mother of eight children. The oldest is 21 years old and the youngest is three. Seven of her children attend school, and she has 10 dependents in all.
Marima has been a weaver and seller of woven cloth for 22 years. She purchases her supplies from the SIAO and at the Nabi Yaar market. Her customer base is made up of her neighbors and other townspeople. Her previous loan went well. She wants to use her current loan to purchase a ball of yarn and dyes. With the income she earns, Marima wants to strengthen her business and help pay for family expenses with her savings. Her long-term goal continues to be opening a training center.
Mme vend des pagnes tissés depuis 22 ans. Son ancien crédit s’est bien déroulé. Elle s’approvisionne au SIAO et au marché de nabi yaar. Ses clients sont les voisins et les autres citadins.
Mme veut s’acheter une balle de fil et de teintes.
Mme veut renforcer son activité et participer aux charges de la famille avec ses économies. Son ambition est toujours d’ouvrir un centre de formation.
Previous Loan DetailsMs. MARIAMA is the representative of the group AVILA. She is married and the mother of eight children. The oldest is 21 years old, and the youngest is 3. Seven of them go to school. She has ten persons to support. She has been a weaver for 22 years. She gets her supplies from Nabi Yare and at... More from Avila 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