Update on Habacuc GroupMs. MADELEINE AIDA is the representative of the group HABACUC. She is doing well. She is married and the mother of four children. The oldest is 29 years old, and the youngest is 13. Among her children, two go to school. She has five persons to support.
Ms. MADELEINE AIDA has been a retailer of 'pagnes' (the colorful cloth of western Africa) for three years. She gets her supplies from the Sector 10 market in town. Her customers are everywhere in the district. She wants to purchase 20 lengths of 'pagne' cloth to bolster her business and help out her husband in covering the children's schooling costs. Her ambition is to become a wholesaler.
Mme est vendeuse de pagnes depuis 03 ans. Elle s’approvisionne au marché de secteur 10 en ville. Ses clients sont partout dans le quartier.
Mme veut s’acheter 20 pièces de pagnes 8Mars.
Mme utilise ses bénéfices pour renforcer son activité et aider son mari pour les frais scolaires des enfants. Elle ambitionne devenir grossiste.
Previous Loan DetailsMadeleine Aida is the representative of the HABACUC group. She is married and mother of four children. Her eldest child is 28 years old, and her youngest child is 12. Among her children, two of them go to school. She has five people living in her care. She has been selling pagnes (colorful Afric... More from Habacuc 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.
About Burkina Faso
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Success!! The loan was 100% repaid