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Renaissance Group
In this Group: Leonie, Djeneba, Emelie W.

Update on Renaissance Group

Mrs. Léonie represents the Renaissance group. She is doing well. In the photo, she did not bring her own goods so she is presenting those of a group member.

She is the married mother of three children. The oldest is 19 years old and the youngest is nine. All three go to school.

She has been selling grain for the past 11 years. She gets her supplies from surrounding villages. She wants to buy six bags of millet, three bags of beans and four bags of maize.

She wants to reinvest the profits in her business. Her ambition is still to buy a motorcycle and improve her family's living conditions.
View original language description ↓
Mme LEONIE est la responsable du groupe RENAISSANCE. Elle se porte bien. Sur la photo,elle n'a pas apporter ses marchandises donc présente celles d'une membre du groupe. Mariée, elle est mère de 03enfants. Le plus âgé a 19ans et le moins âgé a 09ans. Les 03 vont à l’école.
Mme vend des céréales depuis 11ans. Elle s’approvisionne dans les villages environnants.
Mme veut s’acheter 06 sacs de mil, 03sacs d’haricot et 04sacs de maïs.
Elle veut réinvestir ses bénéfices dans son activité. Mme ambitionne toujours s’acheter une moto et améliorer les conditions de vie de sa famille.

Previous Loan Details

Ms. Leonie is the person representing the Renaissance group. She is doing well. She is the married mother of three children. The oldest is 19 and the youngest is nine years old. All three go to school. She has been selling grain for the past 11 years. She gets her supplies from villages in the... More from Renaissance Group's previous loan »

Additional Information

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.

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.

About Burkina Faso

  • $1,500
    Average annual income
  • 5
    View loans »
    Burkina Faso Loans Fundraising
  • $1,720,575
    Funds lent in using Kiva
  • 483.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Renaissance Group's $1,150 loan helped a member buy six bags of millet, three bags of beans and four bags of maize.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014