Update on Espoir GroupMr. Wendimni represents the Espoir group. He is doing well. He is married and the father of three children. The oldest is 8 years old and youngest is 5 months. One goes to school and the other four are in his care. He has sold beauty products for three years. He gets his supplies at the big market. He wants to buy himself seven dozen perfumes and five dozen beauty products. He seeks to save his profits. He is constantly striving to acquire a motorcycle for himself and to better care for his family.
Il vend de produits de beauté depuis 03ans. Il s’approvisionne au grand marché.
Mr veut s’acheter 07douzaines de parfums, 05douzaines de produits de beauté.
IL désire épargner ses bénéfices. Il ambitionne toujours s’acquérir une moto et mieux s’occuper de sa famille.
Previous Loan DetailsMr. WENDINMI represents the group ESPOIR. He is doing well. He is a married father of three children. The oldest is 7 years old, the [youngest] is 1 month old. One goes to school. Mr. WENDINMI has four persons to support. He has been selling beauty products for two years. He gets his supplies at ... More from Espoir 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
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