Divine Bonte Group
Update on Divine Bonte GroupMarie Augustine is the Divine Bonte group representative. She is married and has 3 children. The eldest is 33 years old and the youngest, 3 years and 2 months. One child attends school and she has one more person in her care. She has been making and selling liquid soap and soap balls for 3 years. She gets her supplies from Faso Chimie in the Cité AN III part of town. Her customers are women, men, shop owners and the neighbourhood inhabitants. She would like to buy 100 litres of coconut oil, 3 bags of soda, 3 bags of carbonate and 60 litres of shea butter with which to make soap. She uses her savings to fulfill her orders. She has not been able to buy her second machine and therefore still aims to buy a second processing machine and open a shop.
Elle fabrique et vend le savon liquide et en boule depuis 03ans. Mme s’approvisionne à Faso chimie en cité AN III en ville. Ses clients sont les femmes, les hommes, les gérants de boutique et le voisinage.
Mme veut s’acheter 100 litres d’huile de coco, 03 sac de soude, 03 sac de carbonate et 60 litres de beurre de karité pour la fabrication du savon.
Mme utilise ses économies pour satisfaire ses commandes. Elle n’a pas pu acquérir sa deuxième machine donc elle ambitionne toujours s’acheter une deuxième machine de transformation et ouvrir un magasin.
Previous Loan DetailsMadame Marie Augustine is the representative of the Divine Bonte group. She is married and the mother of three children. The oldest is 32 years old and the youngest is 26 months old. One of them attends school and she has one person under her care. She has been making and selling liquid soap a... More from Divine Bonte 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Feb 1, 2013
- Feb 25, 2013
- Currency Exchange Loss:
- Jun 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.