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Wend Tongo De Zongo Group
In this Group: Yemfinsi, Issaka, Sidgoamnoma Vincent

Update on Wend Tongo De Zongo Group

Mister Yemfinsi represents the group Wend Tongo De Zongo. Married, he is father to 2 children. The oldest is 7 years old and the youngest is 2 years old. One child goes to school and he has 3 dependents.

Yemfinsi has been selling cereals (corn, pearl millet, beans) for 8 years. He gets his supplies in Boromo, in Bobo and in outlying villages. His customers are women and men.

Yemfinsi wants to buy himself 80 Yoruban plates of pearl millet to stock up and resell during periods of shortages.

With his profits, he wants to save. Yemfinsi has the ambition of improving his business, creating other sources of income and ensuring the well-being of his family.
View original language description ↓
Mr YEMFINSI représente le groupe WEND TONGO DE ZONGO. Marié, il est père de 02 enfants. Le plus âgé a 07ans et le moins âgé a 02ans. 01 va à l’école et il à 03 personnes à sa charge.
Mr vend des céréales (maïs, petit mil, haricot) depuis 08ans. Il s’approvisionne à Boromo, à Bobo et villages périphériques. Ses clients sont les femmes et hommes.
Mr veut s’acheter 80 assiettes (yoruba) de petit mil pour stocker et revendre en période de soudure.
Avec ses bénéfices, il veut épargner. Mr ambitionne améliorer son activité, créer d’autres sources de revenus et assurer le bien être de sa famille.

Previous Loan Details

Yemfinsi is the representative of the WEND TONGO DE ZONGO group. He is married and the father of two children, ages 7 and 2. One of his children attends school, and Yemfinsi has three people in his care. Yemfinsi has been selling cereals (maize, pearl millet, beans) for the past 8 years. He… More from Wend Tongo De Zongo Group's previous loan »

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.

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

  • $1,284
    Average annual income
  • 1
    View loans »
    Burkina Faso Loans Fundraising
  • $1,294,100
    Funds lent in using Kiva
  • 502.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wend Tongo De Zongo Group's $1,000 loan helped a member to buy himself 80 Yoruban plates of pearl millet to stock up and resell during periods of shortages.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Wend Tongo De Zongo Group. It was first posted on Kiva on Jul, 2012. Learn More