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Basnewende Group
In this Group: Chantal, Marie, Zalissa, Mamouna

Update on Basnewende Group

Chantal is the Basnewende group representative. She is doing well. She is married and the mother of 3 children. The eldest is 10 years old and the youngest, 13 months. One of her children attends school and she is responsible for 3 people. She has been selling peanut butter for 10 years. She gets her supplies in the surrounding villages. Her customers are residents of the neighbourhood. She would like to buy 2 bags of peanuts. She wants to save her profits. Her ambition is to improve her family's living conditions and to buy a plot of land.
Mme CHANTAL représente le groupe BASNEWENDE. Elle se porte bien. Mariée, elle est mère de 03 enfants. Le plus âgé a 10ans et le moins âgé a 13mois. Un (01) va à l’école et elle a trois (03) personnes en charge.
Mme vend de la pâte d’arachide depuis 10ans. Elle s’approvisionne dans les villages environnants. Ses clients sont les habitants du quartier.
Elle veut. s’acheter 02 sacs d’arachides
Avec ses bénéfices, elle veut épargner. Mme ambitionne améliorer les conditions de vie de sa famille et s’acheter une parcelle.

Previous Loan Details

Mme Chantal represents the BASNEWENDE group. Married, she is the mother of three children. The eldest is nine and the youngest nine months. One goes to school and she has three people in her care. Mme Chantal has sold ground nut paste since 2004, thus for nine years. She stocks up in the market... More from Basnewende 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
  • 1
    View loans »
    Burkina Faso Loans Fundraising
  • $1,409,025
    Funds lent in using Kiva
  • 489.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Basnewende Group's $575 loan helped a member to buy 2 bags of peanuts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013