Wendwaoga 2 Mogtedo 2 Group
Update on Wendwaoga 2 Mogtedo 2 GroupMs. MARIAM represents the group WENDWAOGA 2 MOGTEDO 2. She is doing well and hands over her spot to FATI. She is a married mother of nine children. The oldest is 40 years old, and the youngest is 16. Three go to school. She has three persons to support.
Ms. MARIAM has been making rice dishes for ten years. She gets her supplies in Mogtedo. She wants to purchase 2 tonnes of rice.
With her profits, she wants to purchase a means of transportation. Her ambition is to build a house.
Mme est étuveuse de riz depuis 10ans. Elle s’approvisionne à Mogtedo.
Elle veut s’acheter 02tonnes de riz.
Avec ses bénéfices, elle veut s’acheter un moyen de déplacement. Mme ambitionne construire une maison d’habitation.
Previous Loan DetailsMrs. Mariam is the featured borrower of Wendwaoga 2 Mogtedo Group. She's married and the mother of four children. The eldest is 15 years old, the youngest is 10. Three of them go to school. She has 12 people in her care. For fifteen years, Mrs. Mariam has been parboiling rice. She gets her sup... More from Wendwaoga 2 Mogtedo 2 Group's previous loan »
More information about this loan
This loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. This loan is designed to support rice transformation among women rice producers in Burkina Faso by allowing female rice transformers to obtain large quantities of rice for transformation and sale. Micro Start is administering this loan, and through its partnership the Italian NGO CISV, borrowers are able to access rice-sorting machines, communal parboiling equipment and training to use them. By supporting this loan you are helping enable women to prepare rice for sale themselves, thus selling their rice at the market price and boosting their incomes.
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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