Update on Wendyam GroupMrs. Safiata represents the Wendyam group. She is doing well. Married, she is the mother of two children. The eldest is eight and the youngest is five years old. One child goes to school and she has three other people to care for.
In the photo Safiata did not bring her goods, She is holding the binder containing the loan documents.
She has been selling traditional pagnes (colorful West-African fabric) and liquid soap for the past three years. She resupplies at the Gounghin market and her clients are women. She wants to buy 10 pagnes and 20 cans of liquid soap.
She would like to save her earnings so she can obtain a shed for her business activity. She always aims to expand the scope of her activities and improve her family's living conditions.
Elle vend des pagnes traditionnels et du savon liquide depuis 03ans. Mme s’approvisionne au marché de Gounghin. Ses clients sont les femmes.
Mme veut s’acheter 10 pagnes et 20bidons de savon liquide.
Elle veut épargner ses bénéfices pour avoir un hangar pour son activité. Elle ambitionne toujours agrandir son champ d’activité et améliorer les conditions de vie de sa famille.
Previous Loan DetailsMrs SAFIATA (seen with her hand raised in the photo) represents the WENDYAM group. She is married and the mother of two children aged between 7 and 4 years old, one of whom attends school. She also cares for three other people. She has been selling traditional women's clothing (called pagne) and ... More from Wendyam 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