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Fraternite Group
In this Group: Fanta, Awa, Safiatou
Madame Fanta represents the group 'Fraternite'. She is single and has no children. She is financially responsible for 2 people, neither of whom go to school. Madame Fanta has been selling pagnes (traditional wrap-around clothing) for 6 years. She buys her supplies at the market in Nouna and her customers are women. With this loan, she wants to buy 15 pagnes. She will use her earnings to order more pagnes.

Madame Fanta would like to open her own shop selling pagnes and be able to afford to send her 2 nephews to school.
View original language description ↓
Mme FANTA représente le groupe FRATERNITE. Elle est célibataire et n’a pas d’enfants. Personne ne va à l’école et elle a 02personnes en charge.
Mme vend des pagnes depuis 06ans. Elle s’approvisionne au marché de Nouna. Ses clients sont les femmes.
Elle veut s’acheter 15 ensembles pagnes.
Avec ses bénéfices, elle veut augmenter sa commande de pagnes. Mme ambitionne ouvrir un magasin de pagnes et assurer la scolarité de ses 02 neveux.

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.

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

  • $1,284
    Average annual income
  • 5
    View loans »
    Burkina Faso Loans Fundraising
  • $1,522,100
    Funds lent in using Kiva
  • 484.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fraternite Group's $950 loan helped a member to buy 15 pagnes (traditional wrap-around clothing).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014