Update on Wendyalgdo GroupSalifou is the representative of the Wendyalgdo Group. He is doing well, as is the whole group. Salifou is married and the father of two children. The oldest is three and the youngest is one year old. Salifou has one additional dependent in his care, and none of his children currently attend school.
Salifou has been selling dishes and buckets for the past three years. He purchases his merchandise at the markets of Sankaryaré and Larlé. His clientele is made up of both men and women.
Salifou wants to use this loan to buy four dozen buckets, five dozen kettles, and a dozen basins. He wants to save his income in order to reinvest in his business and purchase a means of transportation. Salifou's goals are to improve the living conditions of his family and to travel so that he can purchase his merchandise in larger quantities.
Mr vend des plats et seaux depuis 03 ans. Il s’approvisionne au marché de Sankaryaré et Larlé. Ses clients sont les hommes et les femmes.
Il veut s’acheter 04 douzaines de seaux, 05 douzaines de bouillards et 01 douzaine de bassines.
Il veut épargner ses bénéfices afin de renforcer son activité et avoir un moyen de déplacement. Mr ambitionne améliorer les conditions de vie de sa famille et voyager pour acheter en grande quantité ses marchandises.
Previous Loan DetailsSalifou is the representative of the Wendyaldo group. He is married and has a two-year-old child. He did not attend school and has two people under his care. Salifou has worked selling plastic plates for the past six years. He gets his supplies in the market in Larlé and in Sankaryaaré. His… More from Wendyalgdo 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