Soom Be Wende Group
Update on Soom Be Wende GroupT. Celine is the representative of the Soom Be Wende group, and she is doing very well. She is married and has five children, the eldest is eighteen years old and the youngest is three years old. Two of her children currently attend school.
T. Celine has been preparing and serving meals for ten years. She also sells pagnes (traditional, wrap-around clothing) and charcoal. She stocks up at local markets in her district. She wants to buy five sachets of cassava couscous, ten sacks of charcoal and five Faso danfani pagnes. She plans to save her profits in order to be able to expand the range of goods and services which she offers.
T. Celine's ambition is to improve her profits and provide for the needs of her family.
Mme fait la restauration et vend aussi des pagne traditionnels et du charbon depuis 10ans. Elle s’approvisionne aux marchés de son secteur.
Elle veut s’acheter 05 sachets de couscous de manioc, 10 sacs de charbon de bois et 05 pagnes Faso danfani.
Elle veut épargner ses bénéfices afin d’ajouter de nouvelles activités. Mme ambitionne augmenter son chiffre d’affaire et subvenir aux besoins de sa famille.
Previous Loan DetailsT. Celine is the representative of the SOOM BE WENDE group. She is married and has five children, four of whom go to school. Her oldest child is 17 years old, the youngest is 3. She has five people in her care. T. Celine has been preparing and serving meals for ten years. She stocks up at loc... More from Soom Be Wende 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