Zoodnooma De Zongo Group
Update on Zoodnooma De Zongo GroupMs. PINGDWENDESAFIATOU represents the group ZOODNOOMA DE ZONGO. She is in good health. She is a married mother of two children. The oldest is 6 years old, and the youngest is 4. One of them goes to school. She has two persons to support.
She has been selling clothing and ointments for two years. She gets her supplies at the Sector 10 market. Her customers including men, women, and new mothers.
She wants to purchase 6 lengths of 'pagnes' (the colorful cloth of western Africa), 4 dozen of children's clothing, and 30 containers of different ointments. She wants to save her profits. Her ambition is to improve her business, help her brothers with their schooling costs, and help her father to build a house.
Mme vend des habits et pommades depuis 02ans. Elle s’approvisionne au marché de secteur 10. Ses clients sont les hommes, femmes et les nouvelles mamans.
Elle veut s’acheter 06 pièces de pagnes, 04 douzaines d’habits pour enfants et 30 boites de différentes pommades.
Elle veut épargner ses bénéfices. Mme ambitionne améliorer son activité, aider ses frères pour leur scolarisation et aider son père à construire une maison d’habitation.
Previous Loan DetailsMrs. PINGDWENDE SAFIATOU is the leader of the group ZOODNOOMA DE ZONGO. She is a married mother of two children aged 4 and 6, one of them in school. She supports one person. Mrs. PINGDWENDE SAFIATOU has been selling clothing and pomades for two years. She buys her merchandise at the market of ... More from Zoodnooma De Zongo 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