- Burkina FasoFoodFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
- Burkina FasoClothingFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
- MaliFoodFunding via Réseau de Micro-institutions de Croissance de Revenus (RMCR)
Yiri Nafa Kabo Group
Yacouba is the group’s official. Thanks to this loan, he will be able to maintain his cashew tree orchard. He will also call upon the village associations to help with the weeding, [heating or firing], trimming, and display of the trees. At the end of the season and after the selling, the profit will enable him to take care of his family and to continue his business.
More information about this loan
About ACFIME:ACFIME is a microfinance institution in Burkina Faso that provides loans to women and farmers in low-income communities. Kiva funding allows ACFIME to offer solidarity loans to groups of women and agricultural loans to farmers who struggle to receive loans from other microfinance institutions in the country. With Kiva funding, ACFIME has the capacity to have a huge impact on the economic and social-well being of the most marginalized people in Burkina Faso.
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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About Burkina Faso
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Success!! The loan was 100% repaid