Mr. Amado is the leader of the Wend Teldo group. He is doing well. He is married and has four children. The eldest is 11 years old and the youngest is one year old. Three of his children go to school. He has five dependents. Mr. Amado has been selling traditional "pagnes" fabric (of Faso Danfani type) for 10 years. He stocks up at the Kouritenga market in town. His customers are both men and women. He would like to buy 25 sets of Faso Danfani pagnes. With his revenue, he would like to reinvest in his business. His goal is to buy a plot of land and to improve his family's life conditions.
Mr AMADO est responsable du groupe WEND TELDO. Il se porte bien. Marié, il est père de 04 enfants. Le plus âgé a 11ans et le moins âgé a 01an. 03 vont à l’école. Il a 05 personnes en charge.
Mr vend pagnes traditionnel (pagnes Faso Danfani) depuis 10ans. Il s’approvisionne au marché de kouritenga en ville. Ses clients sont les hommes et femmes.
Il veut s’acheter 25 pagnes Faso Danfani.
Avec ses bénéfices, il veut réinvestir dans son activité. Il ambitionne s’acheter une parcelle et améliorer les conditions de vie de sa famille.
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.