Update on Wendtoin GroupAsseto is the representative of the Wendtoin group and, like the rest of the members of the group, is in good health. She is married and a mother to five children; the oldest is 26 and the youngest 7 years of age. One of her children goes to school, and Asseto has three people under her care.
For the past 13 years Asseto has worked selling fish and bread. She gets her supplies from wholesalers in the area of town known as Sector 28, and her customers (who are from her neighborhood) are men, women and children.
Asseto wants to buy five boxes of fish and three drums of oil, and she plans to save the profits she makes. Her future plan is to expand her business, as well as to help her husband to provide for the family.
Mme vend du poisson et du pain depuis 13ans. Elle s’approvisionne chez les grossistes au secteur 28 en ville. Ses clients sont les voisins, enfants, hommes et les femmes.
Elle veut s’acheter 05 cartons de poisson et 03 bidons d’huile.
Avec ses bénéfices, Elle veut épargner. Comme ambition, elle veut agrandir son activité et aider son mari pour les charges de la famille.
Previous Loan DetailsAsseto is the Wendtoin group representative. She is married and now the mother of 5, as one of her children has passed away. The eldest child is 25 years old and the youngest, 6. Two of her children go to school and she has 5 dependents in her household. Asseto has been selling fish and bread ... More from Wendtoin 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