Check out some available loans that are similar to this one!
Newaongo Group
In this Group: Madeleine, Lokre Clarisse, Aisseta, Fatoumata, Tikuilga Catherine
Ms. MADELEINE represents the group NEWAONGO. She is a married mother of two children. The oldest is 20 years old, and the youngest is 13, and both go to school. Ms. MADELEINE is a hairdresser and has been selling hair extensions for ten years. She gets her supplies in Sankar Yaar. Her customers are women.

Ms. MADELEINE wants to purchase 20 packets of hair extensions and 40 containers of haircare products. She wants to save her profits. Her ambition is to purchase a motorcycle and to ensure that her children's expenses (school fees, clothing, school supplies…) are covered.
View original language description ↓
Mme MADELEINE représente le groupe NEWAONGO. Mariée, elle est mère de 02 enfants. Le plus âgé a 20ans et le moins âgé a 13ans. 02 vont à l’école et elle a 02 personnes en charge.
Mme est coiffeuse vend des mèches depuis 10ans. Elle s’approvisionne à Sankar yaar. Ses clients sont les femmes.
Mme veut s’acheter 20 paquets de mèches ; 40 boites de produits pour cheveux.
Mme veut épargner ses bénéfices. Elle ambitionne acheter un motocycle et assurer la charge de ses enfants (scolarité, habillement et fourniture…).

Additional Information

About Micro Start/AFD

This 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.

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

  • $1,284
    Average annual income
  • 9
    View loans »
    Burkina Faso Loans Fundraising
  • $1,469,775
    Funds lent in using Kiva
  • 507.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Newaongo Group's $1,400 loan helped a member to purchase hair extensions and haircare products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013