Ms. BOUANPOUNDI has been selling water, 'pagnes' (the colorful cloth of western Africa), bed sheets, and damask fabrics for four years. She gets her supplies from BOBO. Her customers include both men and women. She wants to purchase a dozen lengths of 'pagne' cloth, a dozen bed sheets, and a dozen lengths of damasks. She wants to save her profits. Her ambition is to open a big store.
Mme vend de l’eau, des pagnes, draps et bazins depuis 04ans. Elle s’approvisionne au à BOBO. Ses clients sont les hommes et les femmes.
Elle veut s’acheter 01douzaine de pagnes, 01douzaine de draps et une douzaine de bazins.
Mme veut épargner ses bénéfices. Elle ambitionne ouvrir un grand magasin.
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