- Burkina FasoClothingFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
- Burkina FasoFoodFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
- MaliClothingFunding via Réseau de Micro-institutions de Croissance de Revenus (RMCR)
Fatimata has been selling plastic containers, soap, pomades and powders for 10 years. She buys her stock at a market in her district, and her customers are local women.
She wants to buy 4 dozen assorted soaps. She plans to save her profits to strengthen her business. Her goals are to expand her activity and provide for her family.
Mme vend des plats plastiques, du savon et des tubes de pommades et de poudres depuis 10ans. Elle s’approvisionne au marché de son secteur. Ses clients sont les femmes du quartier.
Mme veut s’acheter 04douzaines de différents savons.
Elle veut épargner ses bénéfices pour renforcer son activité. Ambitionne étendre les limites de son activité et subvenir aux besoins de sa famille.
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