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Rakaye Group
In this Group: Fatimata, Mayoure

Update on Rakaye Group

Mrs. Fatimata is the leader of the Rakaye group. She is the married mother of five children aged 2 to 18, three of whom attend school. She supports six people.

Mrs. Fatimata has been selling pagnes (colorful West African cloth) and ready-to-wear apparel for 15 years. She buys her stock at the market of sector 10. Her customers are men and women.

She wants to buy 13 pagnes and three dozen ready-to-wear outfits.

She will use her profits to increase her savings. She wants to bolster her activity and help her husband with the household expenses.

The lady who is no longer a group member is standing on the right of Mrs. Fatimata and holding white pagnes in both hands.
Mme FATIMATA est responsable du groupe RAKAYE. Sur la photo celle qui ne fait plus partie du groupe est à la droite de la représentante et tient dans ses deux mains des pagnes blancs. Mariée, elle est mère de 05 enfants. Le plus âgé a 18 ans et le moins âgés à 02 ans. 03 vont à l’école et elle a 06 personnes en charge.
Mme vend des pagnes et prêt à porter depuis 15ans. Elle s’approvisionne au marché du secteur 10. Ses clients sont les hommes et femmes.
Elle veut s’acheter 13pièces de pagnes et 03douzaines de prêt à porter.
Elle veut épargner ses bénéfices. Mme ambitionne améliorer son activité et aider son mari pour les charges de la famille.

Previous Loan Details

Ms. Fatimata is the leader of the "Rakaye" group. She is the married mother of five children. The oldest is 18 and the youngest is 2 years old. Three of the children attend school, and Ms. Fatimata has six people in her care. Ms. Fatimata has sold pagnes (brightly-printed West African clothing... More from Rakaye 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
  • 14
    View loans »
    Burkina Faso Loans Fundraising
  • $1,462,150
    Funds lent in using Kiva
  • 492.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Rakaye Group's $725 loan helped a member to buy 13 pagnes and 3 dozen ready-to-wear outfits.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Rakaye Group. It was first posted on Kiva on Jul, 2012. Learn More