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Wend La Malgda Group
In this Group: Mamouna, Rasmata, Monogo, Eugenie

Update on Wend La Malgda Group

Mamouna is the Wend La Malgda group representative. She is doing very well. A married woman, she is the mother of 7 children. The eldest is 28 years old and the youngest, 11. Five of her children go to school and she is responsible for 5 people.

Mamouna has been selling cereal for 11 years. She gets her supplies at the Kilwin market. Her customers are men and women. She wants to buy 4 100-kilogram bags of maize. She would like to save her profits. She aims to expand her business, take care of her family and buy herself a motorbike.
Mme MAMOUNA représente le groupe WEND LA MALGDA. Elle se porte très bien. Mariée, elle est mère de 07 enfants. Le plus âgé a 28ans et le moins âgé a 11ans. 05 vont à l’école et elle a 05 personnes en charge.
Mme vend des céréales depuis 11ans. Elle s’approvisionne au marché de KILWIN. Ses clients sont les hommes et les femmes.
Elle veut s’acheter 04 sacs de 100kg de maïs.
Avec ses bénéfices, elle veut épargner. Mme ambitionne agrandir son commerce, s’occuper de sa famille et s’acheter une moto.

Previous Loan Details

Ms. MAMOUNA represents the group WEND LA MALGDA. She is married and the mother of seven children. The oldest is 27, and youngest is 10. Five of them go to school, and she has seven persons to support. Ms. MAMOUNA has been selling grains for ten years. She gets her supplies from the KILWIN ma... More from Wend La Malgda 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
  • 10
    View loans »
    Burkina Faso Loans Fundraising
  • $1,469,775
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Wend La Malgda Group's $800 loan helped a member to buy 4 x 100-kilo bags of maize.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013