Update on Burkina GroupMrs. AUDREY VALERIE SINDA is the leader of the BURKINA group. Sophie is doing well but decided to cede her position to Audrey. Married, she is a mother of one child, who is 2. She takes care of one person. Mrs. Audrey has been selling weaved pagnes (traditional wraps) and charcoal for 5 years. She stocks up at her neighborhood market. Her clients are resellers at the market and her neighbors. She wants to buy one ball of weaving yarn and two sacks of charcoal. She saves her profits. Mrs. Audrey plans to make weaving machines, employ women, and help her husband with the family’s expenses.
Mme vend des pagnes tissés et du charbon depuis 05 ans. Elle s’approvisionne au marché de son quartier. Ses clients sont les revendeurs du marché et ses voisins.
Elle veut s’acheter 01 balle de fil à tissé et deux sacs de charbon.
Elle épargne ses bénéfices. Mme ambitionne confectionner des machines à tisser et employer des femmes et aider son mari pour les charges de la famille.
Previous Loan DetailsMs. PEGDWENDE SOPHIE is the representative of the group BURKINA. She is married and the mother of three children. The oldest is 13 years old, and the youngest is 8. Two of the children attend school. She has one person to support. SOPHIE has been selling footwear and porridge for two years.… More from Burkina 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