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Fatoumata's Group
In this Group: Fatoumata, Fatimta, Abibata

Update on Fatoumata's Group

Abibata is the leader of the MANDE 2 group. She is doing well, and so are the other members of her group. She is married and the mother of three children. Her oldest child is 15, her youngest is 7. All three attend school. She has three people in her care.

Abibata has been selling vegetables for the past two years. She stocks up at the Pissy market and sells to both men and women. She is very happy.

Abibata wants to buy one bag of dry gumbo (okra), two bags of cabbage, two bags of eggplants and other dry vegetables. She plans to use her profits to increase the size of her stall. Her goals remain the same: she would like to open a warehouse to store her vegetables, and she wants to continue sending her children to school.
View original language description ↓
Mme ABIBATA est la représentante du groupe MANDE 2. ABIBATA se porte bien ainsi que tout le groupe. Elle est mariée et mère de 03 enfants. Le plus âgée 15ans et le moins âgée a 07ans. Tous vont à l’école et elle a 03 personnes à sa charge.
Mme vend des légumes depuis 02ans. Elle s’approvisionne au marché de pissy .Ses clients sont les hommes et femmes. Elle est très contente.
Mme veut s’acheter 01 sac de gombo sec ; 02 sacs de choux et 02 sacs d’aubergines et autres légumes sec.
Elle veut utiliser ses bénéfices pour agrandir son hangar. Mme tient toujours ses ambitions qui sont d’ouvrir une boutique de stockage pour les légumes et de scolariser ses enfants.

Previous Loan Details

Ms. ABIBATA is the representative of the group MANDE 2. She is doing well. She is married and the mother of three children. The oldest is 15 years old, and the youngest is 7. They all go to school. She has three persons to support. Ms. ABIBATA has been selling vegetables for two years. She get... More from Fatoumata's 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
  • 27
    View loans »
    Burkina Faso Loans Fundraising
  • $1,640,275
    Funds lent in using Kiva
  • 489.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatoumata's Group's $1,125 loan helped a member to buy one bag of dry gumbo (okra), two bags of cabbage, two bags of eggplants and other dry vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Fatoumata's Group. It was first posted on Kiva on Aug, 2012. Learn More