Saint Dominique Group
Mr. Moustapha has been a handbag and shoe seller for 10 years. He gets his supplies at the sector 10 market. His customers are women. He would like to purchase 15 handbags and 15 pairs of shoes.
He uses his profit to strengthen his activity. His ambition is to enlarge his shop and put his children in school once they will be old enough
Mr est vendeur de sac à main et chaussures depuis 10 ans.il s’approvisionne au marché du secteur 10. Ses clients sont les femmes.
Mr MOUSTAPHA veut s’acheter 15 sacs à mains et 15 chaussures.
Mr utilise ses bénéfices pour renforcer son activité. Il ambitionne agrandir sa boutique et scolariser ses enfants quand ils auront l’âge d’aller à l’école.
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.
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
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Success!! The loan was 100% repaid