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Femme De L'avenir Group
In this Group: Kortimi, R.therese

Update on Femme De L'avenir Group

Kortimi is the representative of the group "FEMME DE L'AVENIR". She is doing well. Married, she is the mother of four children. Her oldest child is 22, the youngest is 4. All four go to school. Kortimi supports three people.

Kortimi has been preparing meals (rice) for two years. She buys her supplies from a large shop in her area. Her customers are men, women and children.

She wants to buy four bags of rice, two stacks of firewood and one can of oil.

She wants to save her profits and use them to boost her activity. She would also like to increase the size of her stall, so that she can greet her customers more comfortably. She wishes to improve her family's living conditions.
View original language description ↓
Mme KORTIMI représente le groupe FEMME DE L’AVENIR. Elle se porte bien. Mariée, elle est mère de 04 enfants. Le plus âgé a 22ans et le moins âgé a 04ans. 04 vont à l’école et elle a 03personnes a sa charge.
Mme est restauratrice (vend du riz) depuis 02ans. Elle s’approvisionne dans une grande boutique de son secteur. Ses clients sont les hommes, les femmes et les enfants.
Elle veut s’acheter 04 sacs de riz, 02 rangées de bois et 01 bidon d’huile.
Mme veut épargner ses bénéfices pour renforcer son activité. Elle souhaite agrandir son hangar afin de mieux accueillir sa clientèle. Mme souhaite améliorer les conditions de vie de sa famille.

Previous Loan Details

Ms. KORTIMI is the representative of the group FEMME DE L’AVENIR. She is married and a mother of four children. The oldest is 22, and the youngest is 4. All four children go to school. She has three persons to support. Ms. KORTIMI has been a restauranteur for two years. She gets her supplies ... More from Femme De L'avenir 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

  • $1,500
    Average annual income
  • 13
    View loans »
    Burkina Faso Loans Fundraising
  • $1,759,275
    Funds lent in using Kiva
  • 496.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Femme De L'avenir Group's $675 loan helped a member to buy four bags of rice, two stacks of firewood and one can of oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Feb 24, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013