Z . Hyacinte B
Update on Z . Hyacinte BMr Z. Hyacinte Bienvenue is a Masters II student at Ecole Supérieure des Travaux Publics de Ouagadougou (ESTPO). He is single and has no children. He has been at ESTPO for three years. He would like finance his graduate studies at ESTPO. After his studies, he aims to be able to live on his knowledge and to contribute some of that knowledge to the positive evolution of his country of Burkina Faso.
Il est à l’ESTPO depuis 03ans.
Mr veut financer ses études supérieures à l’ESTPO.
Il ambitionne pouvoir vivre après ses études de ses connaissances et contribuer de part ses connaissances à l’évolution positive de son pays le BURKINA FASO.
Previous Loan DetailsMr. Z. Hyacinte B. is single without children. He has been a graduate student at the “Ecole Supérieure des Travaux Public de Ouagadougou" (Ouagadougou Graduate School for Public Works) since 2011. He would like to finance his graduate studies. After finishing his studies, his goal is to obtain a… More from Z . Hyacinte B's previous loan »
More information about this loan
This loan is part of Micro Start's higher education program, offering students tuition loans for two-year associates degrees and three-to-five-year bachelor's and graduate-level degrees. Micro Start is partnering with education institutions like the Ecole Superieure de Travaux Publics de Ouagadougou (ESTPO) to identify and provide financing to high-achieving, responsible students who lack the resources to pay for tuition up front. This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. These loans have terms ranging from five to ten years and include an upfront fee of 2.5% and an annual interest rate of 5%. They are disbursed at the start of the school year and are repaid monthly with a grace period of two to three years. By supporting this loan, you are helping students with limited options to stay in school, and encouraging Micro Start to roll the program out to more institutions and support even more students.
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.
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About Burkina Faso
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This loan has been fully funded!
- Repayment Term
- 62 months (Additional Information)
- Repayment Schedule
- Dec 17, 2013
- Dec 23, 2013
- Currency Exchange Loss:
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.