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Bissighin Wendwaogo Group
In this Group: Salfo, Raphael, Souleymane

Update on Bissighin Wendwaogo Group

Mr. SALFO is the leader of BISSIGHIN WEND WAOGA Group. He's married and the father of one 18-month-old child. Mr. SALFO has six dependents.

He's been a tailor for ten years. He gets his supplies at the market in Toecin. His customers are women, men, and children. He wants to buy a sewing machine and window displays for his workshop.

Mr. SALFO wants to save his profits in order to reinvest in his business. He ambitions to take better care of his family.
View original language description ↓
Mr SALFO représente le groupe BISSIGHIN WEND WAOGA. Il est marié, père de 01 enfant. Il est âgé de 18mois. Mr a 06 personnes a sa charge.
Mr est couturier depuis 10ans. Il s’approvisionne au marché de Toecin. Ses clients sont les femmes, les hommes et les enfants.
Il veut s’acheter une machine à coudre et des vitres pour l’atelier.
Mr veut épargner ses bénéfices afin de réinvestir dans son activité. Il ambitionne mieux s’occuper de sa famille.

Previous Loan Details

Mr. Salfo is the leader of the "Bissighin Wendwaogo" group. In the photo, he does not have his hand raised, but is sitting in front of the sewing machine. He is married and has one child, who is one year and two months old. The child does not attend school, and Mr. Salfo has one person in his ca... More from Bissighin Wendwaogo 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
  • $1,531,200
    Funds lent in using Kiva
  • 505.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bissighin Wendwaogo Group's $750 loan helped a member to buy a sewing machine and window displays.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013