Update on Rayisomzita GroupMadina is the representative of the RAYISOMZITA group. She is married and the mother of three children. Her oldest child is 12 years old and the youngest is 2. Two of her children go to school, and she has two people in her care.
Madina has been selling sugar, salt and soap for ten years. She stocks up from wholesalers at the market. Her customers are women who prepare juices, flat cakes and hot cereal.
She wants to buy four bags of sugar, two bags of salt and two boxes of soap.
She saves her profits and wants to improve her activity by opening a shop. Her ambition is to help her husband with the household expenses and the children's school fees.
Mme vend du sucre, du sel et du savon depuis 10 ans. Elle s’approvisionne chez les grossistes au marché. Ses clients sont celles qui font les jus, les glettes et la bouillie.
Elle veut s’acheter 04 sacs de sucre, 02 sacs de sel et 02 cartons de savon.
Elle épargne ses bénéfices et veut améliorer son activité en ouvrant une boutique. Mme ambitionne aider son mari pour les charges de la famille et la scolarité de ses enfants.
Previous Loan DetailsMadina is the representative of the RAYISOMZITA group. She is married and has three children. Her eldest is 11 years old and her youngest is 17 months old. Two of her children attend school. She is responsible for one other person. Madina has been selling sugar and salt for 13 years. She ... More from Rayisomzita 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