Update on Nazemse GroupMme FATIMATA is the leader of this group called NAZEMSE. She is married and the mother of three children. The oldest is five and the youngest is two years old. The first child goes to school, and Mme Fatimata is responsible for two other people.
Mme Fatimata has been selling clothing for two years. She gets her wares at markets in Sector 10 and the Grand Marche. Her clients are men and women.
She wants to buy 10 outfits for children, 8 lengths (3 meters each) of African cloth, and outfits for adults. She intends to reinvest her profit in her business. Her ambition is to grow her business and improve living conditions for her family.
Mme vend des habits depuis 02ans. Elle s’approvisionne aux marchés de secteur 10 et au grand marché. Ses clients sont les hommes et femmes.
Elle veut s’acheter 10 complets pour enfants, 08 complets de pagnes et ensembles pour grande personnes.
Elle veut réinvestir ses bénéfices dans son activité. Mme ambitionne agrandir son commerce et améliorer les conditions de vie de sa famille.
Previous Loan DetailsMrs. Fatimata is the representative of the Nazemse group. She is married and the mother of three children. The oldest is four and the youngest is six-months old. One attends school. She has three dependents. She sold corn flour for seven years. But after giving birth, she is now selling pagne (co... More from Nazemse 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