Saint Luc Group
Update on Saint Luc GroupMs Aminata Pascaline is the leader of the Saint Luc Group. She and the whole group are doing well. She is married and mother of four children. The oldest is 12 years old and the youngest is 2.Three of her children attend school and she has four dependents. For the past 18 months, A. Pascaline has sold woven "pagne" fabric. She no longer weaves so she buys yarn, has it weaved, and then sells it. She stocks up at her neighboring weavers. Her customers are resellers at the market in her area. She wants to buy two bales of yarn to weave. She saves her profits. Her ambition to become a major seller of yarn to weave has changed. She now wants to improve her business, open a store for "pagne" fabric, and help her husband take care of their family expenses.
Mme vend des pagnes tissés depuis 18 mois (car elle ne tisse plus, elle achète les fils et fait tisser puis elle vend). Elle s’approvisionne chez ses voisines tisseuses. Ses clients sont les revendeurs du marché de son secteur.
Elle veut s’acheter 02 balles de fil à tisser.
Elle épargne ses bénéfices. Son ambition qui était de devenir une grande vendeuse de fils de tisse à changer. Elle veut maintenant améliorer son activité (ouvrir une boutique pour les pagnes) et aider son mari pour les charges de la famille.
Previous Loan DetailsMrs. Aminata Pascaline is the leader of the SAINT LUC group. Married, she is the mother of 04 children. The oldest is 11 years old and the youngest is 1 year old. 2 go to school and she has 4 people in her care. She has been a weaver for 4 years. She stocks up on supplies at the Pissy market. ... More from Saint Luc 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