Update on Paligwende GroupMs. PAYESSEDE ROSE DE LIMA is the official of the group PALIGWENDE. She is doing well. She is a married mother of four children. The oldest is 17 years old, and the youngest is 5. Two go to school. And she has five persons to support.
She has been selling 'dolo' (a local beverage or millet beer) for three years. She gets her supplies at the market in her district. Her customers are men, women, and neighbors. She wants to purchase 2 rows of firewood and 3 basins of germinated millet for making dolo. She wants to save her profits. Her ambition is to bolster her business and to help her husband cover the school fees.
Mme vend du dolo (boisson local ou bière de mil) depuis 03ans. Elle s’approvisionne au marché de son quartier. Ses clients sont les hommes, les femmes et les voisins.
Elle veut s’acheter 02rangées de bois et 03bassines de mil germé pour la préparation du dolo.
Mme veut épargner ses bénéfices. Elle ambitionne renforcer son activité et aider son mari pour les frais scolaire.
Previous Loan DetailsMme PAYESSEDE ROSE DE LIMA is the leader of the PALIGWENDE group. She is married and the mother of four children. The eldest is 17, and the youngest 5 years old. Two of them attend school, and she has five people dependent on her. She has been selling dolo (a local drink) for 3 years. She buys he... More from Paligwende 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
About Burkina Faso
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Aug 30, 2013
- Sep 26, 2013
- Currency Exchange Loss:
- Jan 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.