Wend La Boumbou Group
Update on Wend La Boumbou GroupMr. ISSAKA represents the group WEND LA BOUMBOU. He is doing fine as far as his health. He is a married father of three children. The oldest is 9 years old, and the youngest is 3 months old. Three go to school. (Two are his own children, and one is under his care.). He has four persons to support.
Mr. ISSAKA has been a tailor for twelve years. He gets his supplies from a market in his sector. He wants to purchase a dozen zippers, a dozen buttons, and some poplin cloth. He wants to save his profits to bolster his business. His ambition is to expand his tailoring workshop and to improve his living conditions.
Il est couturier depuis 12ans. Il s’approvisionne au marché de son secteur.
Mr veut s’acheter une douzaine de fermeture, une douzaine de bouton et des tissus popelines.
IL veut épargner ses bénéfices pour renforcer son activité. Il ambitionne agrandir son atelier de couture et améliorer ses conditions de vie.
Previous Loan DetailsIssaka is the Wend La Boumbou group representative. He is married and the father of 2 children. The eldest is 9 years old and the youngest, 6. Both of his children attend school and he is also responsible for 3 other people. Issaka has been a tailor for 12 years. He gets his supplies at the Se... More from Wend La Boumbou 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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