Check out some available loans that are similar to this one!
Tongnooma Group
In this Group: Sompassekde, Mariam, Hawa

Update on Tongnooma Group

Ms. SOMPASSEKDE is the representative for the TONGNOOMA group. She is doing very well and so is her family. She is married and takes care of a 3-year old child who does not attend school. She takes care of two other persons.

She now sells condiments and no longer sells clothes. She resupplies at the Toecin and Baskuy markets. Her clients are both women and men.

She wants to buy 3 bags of onions, 5 bags of dried okra, 2 bags of cabbages and soumbala (fermented néré seeds).

She wants to save her profits, and aims to expand her business activity and buy a plot of land.
Mme SOMPASSEKDE est la représentante du groupe TONGNOOMA. Elle se porte très bien ainsi que sa famille. Elle est mariée et n'a pas d'enfant. Elle s'occupe d'un enfant de ses parents âgé de 03ans et ne va pas à l’école et elle a 02 personnes à sa charge.
Mme vend maintenantdes condiments, elle ne vend plus les habits. Elle exerce ce métier depuis 02ans. Elle s’approvisionne au marché de Toecin et Baskuy. Ses clients sont les femmes et hommes.
Mme veut s’acheter 03sacs d’oignons, 05sacs de gombo sec, 02sacs de choux et du soumbala.
Elle veut épargner ses bénéfices. Mme ambitionne agrandir son activité et acheter une parcelle.

Previous Loan Details

Sompassekde is the representative of the TONGNOOMA group. She is doing very well and has been able to buy clothes, as she expected. She is married and has no children, therefore no one attends school. She has one person in her care. For the past three years she has been selling ready-to-wea... More from Tongnooma 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
  • 0
    View loans »
    Burkina Faso Loans Fundraising
  • $1,516,900
    Funds lent in using Kiva
  • 503.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tongnooma Group's $700 loan helped a member to buy 3 bags of onions, 5 bags of dried okra, 2 bags of cabbages and soumbala (fermented néré seeds).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013