Wend Waoga Group
Update on Wend Waoga GroupFatimata is the representative of the WEND WAOGA group. She is doing well. She is married and the mother of four children. Her oldest child is 15 years old, the youngest is 5. Three of her children go to school. She has five people in her care.
Fatimata has been selling clothes for three years. She buys her goods at the District 10 market and in Sankaryaar. Her customers are men, women and children who visit the market where she resells her merchandise.
She wants to buy 15 outfits for adults and 15 outfits for children.
With her profits, she would like to buy a piece of land and a motorcycle. Her ambition is to expand her business.
Mme vend des habits depuis 03ans. Elle s’approvisionne au marché de secteur 10 et Sankaryaar. Ses clients sont les hommes, les femmes et enfants du marché d’où elle vend.
Elle veut s’acheter 15complets pour adultes et 15 complets pour enfants.
Avec ses bénéfices, elle désire s’acheter une parcelle et une moto. Mme ambitionne agrandir son activité.
Previous Loan DetailsFatimata is the representative of the Wend Waoga group. She is married and mother to four children. The eldest of the children is 14 years old and the youngest three. Three of the children go to school and Fatimata has four dependents. She has been selling clothing and jewelry for the past two… More from Wend Waoga 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