Buud Nooma Group
Update on Buud Nooma GroupMadam Félicité is the representative of the group Buud Nooma. She is married and mother to 3 children. The oldest is 8 years old and the youngest is 5 months old. One child goes to school.
She has been selling clothing for 5 years. She gets her supplies at the market of sector 10. Her customers are men and women.
She wants to buy herself 10 dozen outfits for boys and 12 dozen outfits for girls.
Madam uses her profits to reinvest in her business. Her ambition is to expand her field of business and to better take care of her family.
NB: Madam Félicité has rejoined the group.
Elle vend des habits depuis 05ans. Elle s’approvisionne au marché du secteur 10. Ses clients sont les hommes et femmes.
Elle veut s’acheter 10douzaines d’habit pour garçons, 12douzaines d’habits pour filles.
Mme utilise ses bénéfices pour réinvestir dans son activité. Elle ambitionne élargir le champ de son activité et mieux s’occuper de sa famille.
NB : Mme Félicité a réintégré le groupe.
Previous Loan DetailsFatimata is the representative of the Buud Nooma group. She is single, and has no children. None of her family goes to school, and she has two people under her care. Fatimata has worked selling beauty products for two years, and gets her supplies in a market in the area of town known as Sector... More from Buud Nooma 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