Al Hamdillilahi Group
Update on Al Hamdillilahi GroupSALIFOU is the leader of the AL HAMDILLILAHI group. He is doing well. He is married and is now the father of six-month-old twins. He has no dependent in school but takes care of three people.
He has been selling various grocery products for the past seven years. He stocks up in District 22, and sells to local residents. He wants to buy five bags of rice, three bags of sugar and three cans of oil.
He would like to use his profits to strengthen his activity. His ambition is to become a wholesaler and to send his children to school, under good conditions.
Il vend de produits divers (boutique) depuis 07ans. Il s’approvisionne au secteur 22. Ses clients sont les habitants du secteur.
Mr veut s’acheter 05 sacs de riz, 03sacs. de sucre et 03 bidons d’huile
Il désire renforcer son activité avec ses bénéfices. Il ambitionne maintenant devenir grossiste et mieux inscrire ses enfants à l’école dans des bonnes conditions.
Previous Loan DetailsMr SALIFOU is the leader of the AL HAMDILLILAHI group. He is married but does not have any children. None of his family goes to school. He has 03 people in his care. He has been selling various products for 07 years. He gets his supplies from a supplier in Tampouy. His customers live in the lo... More from Al Hamdillilahi 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