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Les Soeurs Unies Group
In this Group: Fatoumata, Adissa

Update on Les Soeurs Unies Group

Mme Fatoumata represents the group called Les Soeurs Unies. She is married and the mother of five children. The oldest is 15 and the youngest three years old. Four of them attend school.

She sells firewood and charcoal and has been doing this for six years. She buys her firewood in the back country using trucks. Her customers are women from her neighborhood.

She wants to buy two loads of firewood and three sacks of charcoal. She wants to save her profits to expand her business. Her ambition is to extend her area of business and be able to afford the needs of her family.
View original language description ↓
Mme FATOUMATA représente le groupe LES SŒURS UNIS. Elle est mariée et mère de 05 enfants. Le plus âgé a 15ans et le moins âgé a 03ans. 04 vont à l’école.
Elle vend du bois de chauffe et charbon de bois depuis 06ans. Mme s’approvisionne dans les provinces avec les camions. Ses clients sont les femmes du quartier.
Mme veut s’acheter 02 rangées de bois et 03 sacs de charbon.
Elle veut épargner ses bénéfices pour renforcer ses activités. Elle ambitionne agrandir son champ d’activité et subvenir au besoin de sa famille.

Previous Loan Details

Fatoumata represents the Sœurs Unies [united sisters] group. She is married and mother to five children, the oldest of whom is 15 and the youngest 3 years of age. Four of her children go to school, and she has five people under her care. Fatoumata has worked selling firewood for six years. She... More from Les Soeurs Unies 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

  • $1,500
    Average annual income
  • 5
    View loans »
    Burkina Faso Loans Fundraising
  • $1,759,225
    Funds lent in using Kiva
  • 496.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Les Soeurs Unies Group's $425 loan helped a member to buy two loads of wood and three sacks of charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014