Update on Hande GroupHangnide is the representative of the HANDE group. She is doing well, and so is her family. She is married and the mother of two children, ages 7 and 4. One of her children goes to school, and she has one person in her care.
Hangnide has been selling pagnes (traditional African fabrics) and ready-to-wear clothing for children for the past four years. Her previous loan was successfully completed. She stocks up at the District 10 market. Her clients are men and women from her neighborhood as well as from surrounding neighborhoods.
She would like to buy 10 sets of pagnes and 30 sets of ready-to-wear clothing.
Hangnide wants to save her profits. Her ambition is to have a covered stall, buy a motorcycle and help her husband with the family expenses.
Mme vend des pagnes et prêt à porté pour enfant depuis 04ans. Son ancien crédit s’est bien déroulé. Elle s’approvisionne au marché de secteur 10. Ses clients sont les hommes, les femmes de son quartier et des quartiers voisins.
Mme veut s’acheter 10 complets pagnes et 30 prêts à porter.
Mme veut épargner ses bénéfices. Elle a pour ambition d’installer un hangar, acheter un motocycle et aider son mari avec les charges de la famille.
Previous Loan DetailsMadame HANGNIDE is the representative of the "HANDE" group. She is married and the mother of 02 children. The oldest is 06 years old and the youngest is 03 years old. One goes to school and she takes care of one. She has been selling traditional cloth (pagnes) and ready-to-wear clothing for… More from Hande 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.
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Success!! The loan was 100% repaid