Gilbert is a retailer and has been running a shop for 12 years. He gets his supplies at the markets in town. His customer are local women and men. He would like to buy several items for his shop. He wishes to reinvest in his business. His ambition is to transform his shop into a warehouse and to buy a plot of land for his family.
Mr est commerçant (gère une boutique) depuis 12ans. Il s’approvisionne dans marchés de la ville. Ses clients sont les dames et hommes du quartier.
Il veut s’acheter plusieurs articles de boutique.
Mr veut réinvestir ses bénéfices dans sa boutique. Il ambitionne transformer sa boutique en magasin et s’acheter une parcelle pour 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.
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About Burkina Faso
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Success!! The loan was 100% repaid