Update on Oroberesoromandi GroupSafiora is the representative for the Oroberesoromandi Group. She is doing very well. She is married and has five children, the eldest is thirty years old and the youngest is eighteen years old. One of her children attends school.
Safiora has been making pottery for forty years. She buys her supplies in Tougan, Burkina Faso, and sells her products to wholesalers and retailers (men and women).
She will use her loan to buy 30 cartloads of clay. Safiora will reinvest her earnings in her business.
In the future, she would like to buy a motorcycle and provide more for her family.
Mme fait la poterie depuis 40ans. Elle s’approvisionne à Tougan au Burkina. Ses clients sont les vendeurs en gros et détails (hommes et femmes).
Elle veut s’acheter 30charettes d’argile.
Mme veut réinvestir ses bénéfices dans son activité. Elle ambitionne s’acheter un motocycle et mieux s’occuper de sa famille.
Previous Loan DetailsSafiora represents the Oroberesoromandi group. She is going well. Married, she is a mother of five children. The eldest child is 30 years old and the youngest is 18 years old. One child is in school. Safiora has been making pottery for 40 years. She procures her goods in Tougan. Her customers... More from Oroberesoromandi Group's previous loan »
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.
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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Success!! The loan was 100% repaid