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Sigyongyaakadi Group
In this Group: Safiatou, Awa, Rissanata, Assèta, Aïcha, Bibata

Update on Sigyongyaakadi Group

Safiatou is the representative of the SIGYONGYAAKADI group. She and her family are doing well. She is married and the mother of three children. Her oldest child is 15 years old, the youngest is 6. All three go to school.

Safiatou has been selling "pagnes" (colorful West-African fabrics) and cosmetics since 2007. She buys her goods at the District 10 market and sells to both men and women.

She wants to buy five pagnes and some boxes of ointment.

She wants to use her profits to take better care of her family. Her goal is to help her husband with the construction of their house, and also to expand her own business.
View original language description ↓
Mme Safiatou est la représentante du groupe SIGYONGYAAKADI. Elle se porte bien ainsi que sa famille. Elle est mariée et mère de 3 enfants. Le plus âgé a 15ans et le moins âgé a 6ans. Les 03 vont a l’école.
Elle vend des pagnes et aussi des produits de beauté depuis 2007. Mme s’approvisionne au marché du secteur 10.Ses clients sont les femmes et hommes.
Elle veut s’acheter 05 pièces de pagnes et des boites de pommades.
Avec ses bénéfices, elle veut mieux s’occuper de sa famille. Elle ambitionne aider son mari à construire leur maison et agrandir son activité.

Previous Loan Details

Ms. Safiatou is the representative of the Sigyongyaakadi group. She is married with three children. The oldest is 12 years old and the youngest is four. Two of them attend school and all three are dependents. She has been selling pagnes (colorful West-African fabric) for the past four years. S... More from Sigyongyaakadi 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
  • 28
    View loans »
    Burkina Faso Loans Fundraising
  • $1,640,275
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sigyongyaakadi Group's $1,300 loan helped a member to buy five "pagnes" and some boxes of ointment.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013