Wend Ya Ye Group
Update on Wend Ya Ye GroupVéronique is the representative of the WEND YA YE group. She is doing well. She is married and the mother of two children. Her oldest child is 11 years old, the youngest is 21 months old. Only one of her children goes to school.
Véronique has been selling clothes for ten years. She stocks up at the district 10 market. Her customers happen to be residents of her district (men, women and children).
She wants to buy two dozen outfits for children, two dozen outfits for women and the same quantity of outfits for men. She wants to use her profits to save some money. Her goal is to improve her family's living conditions and to expand her activity.
Mme vend des habits depuis 10ans. Elle s’approvisionne au marché de secteur 10. Ses clients sont les habitants de son secteur (hommes, femmes et enfants).
Elle veut s’acheter 02douzaines d’habits pour enfants, 02douzaines d’habits pour femmes et 02douzaines d’habits pour hommes.
Avec ses bénéfices, elle veut épargner. Mme ambitionne améliorer les conditions de vie de sa famille et agrandir son activité.
Previous Loan DetailsMme VERONIQUE represents the group WEND YA YE. She is married and the mother of two children. The older is 11 and the younger one year old. One child attends school and Mme VERONIQUE is responsible for two people. Mme VERONIQUE has been selling clothing for 9 years. She buys her wares in the S... More from Wend Ya Ye 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