Valentine processes cereals into lumps to make porridge. She has been engaged in this activity for 6 years. She buys her stock at the market of Sector 8, and she sells to both men and women.
She plans to buy three sacks of cereals (1 sack of millet, 1 sack of white sorghum, and 1 sack of red sorghum) to process into lumps for porridge.
She will use her profits to provide for her children and to support their studies. In the future, she would like to run a large store.
Mme transforme les céréales en grumeaux de bouillie depuis 06ans. Elle s’approvisionne dans le marché du secteur08. Ses clients sont les hommes et les femmes.
Elle veut s’acheter 03sacs de céréales (01sac de petit mil, 01sac de sorgho blanc, 01sac de sorgho rouge) pour la transformation en grumeaux.
Mme veut utiliser ses bénéfices pour s’occuper des ses enfant et à leur scolarisation. Elle ambitionne ouvrir un grand magasin.
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.
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
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Success!! The loan was 100% repaid