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Kota Wende Group
In this Group: Mahamady, Yssouf

Update on Kota Wende Group

Mahamadi is the representative of the KOTA WENDE group. He is single, with no children. He does not support anyone beside himself and does not have school-age children in his care.

Mahamadi has been selling prepaid phone cards for three years. He buys his goods in Kolgnaaba and resells to both men and women. He wants to buy one pack of 500 CFA francs cards, one pack of 1,000 CFA francs cards, one pack of 5,000 CFA francs cards and one pack of 10,000 CFA francs cards.

He wants to save his profits and reinvest in his activity. His ambition is to expand his phone card business and improve his living conditions.
View original language description ↓
Mr MAHAMADI représente le groupe KOTA WENDE. Il est célibataire sans enfant. Personne ne va à l’école. Il n’a personnes en charge.
Mr vend des cartes de recharge depuis 03ans. Il s’approvisionne à kolgnaaba. Ses clients sont les hommes, les femmes.
Il veut s’acheter 01lot de cartes pour 500fcca, 01lot de cartes pour 1000fcfa, 01lot de cartes pour 5000fcfa et 01lot de cartes pour 10000fcfa.
Mr veut épargner ses bénéfices pour son activité. Il ambitionne agrandir sa société de vente de carte de recharge et améliorer sa condition de vie.

Previous Loan Details

Mr. MAHAMADI represents the group KOTA WENDE. He is unmarried, without children, and has no one to support. Mr. MAHAMADI has been selling phone recharge cards for three years. He gets his supplies in Tampouy and in Kolgnaba. His customers include both men and women. He want to purchase 30 rechar... More from Kota Wende 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
  • 29
    View loans »
    Burkina Faso Loans Fundraising
  • $1,834,775
    Funds lent in using Kiva
  • 494.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kota Wende Group's $725 loan helped a member to buy prepaid phone cards.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 2, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014