- Burkina FasoClothingFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
- Burkina FasoFoodFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
- Burkina FasoRetailFunding via Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
Update on Wendlabangre GroupZoenabo is the representative for the Wendlabangre Group. Zoenabo is doing well. In the photo she is wearing a black "soutra" (muslim clothing). She is married and the mother of 5 children from ages 15 to 28. One of Zoenabo's children attends school; she has 5 dependents.
Zoenabo has been selling sandwiches and candy for 22 years. She now sells pastries and weaves traditional fabrics because she used to sell to students who are currently on vacation. She stocks up at the Wend Konta bakery and now also at the market in Pissy for pastries. Her customers are students, since she sells in schools, and now also her neighbors and friends.
Her previous loan went smoothly, so Zoenabo is happy and thanks God for this. She would like to buy one 20L drum of oil, one bag of sugar, and one bag of millet in order to prepare pastries. With these proceeds, Zoenabo hopes to focus on schooling her child and taking care of her family. Her goal is to grow her business and to build a small stock house for her business.
Elle vend des sandwichs et des bonbons depuis 22ans. Elle vend maintenant des galettes et tisse les pagnes traditionnels car elle vendait avec les élèves qui sont actuellement en vacance. Elle s’approvisionne à la boulangerie Wend Konta et maintenant au marché de Pissy pour les galettes en ville. Ses clients sont les élèves car elle vend dans les écoles et maintenant ses voisins et amis. Son prêt passé s’est bien dérouler, elle est contente et rend grâce à Dieu.
Elle veut s’acheter 01 bidon d’huile de 20l, 01sac de sucre et 01 sac de petit mil pour la préparation des galettes.
Mme avec ses bénéfices veut faire face à la scolarité de son enfant et s’occuper de sa famille. Elle ambitionne agrandir son commerce et construire une maisonnette de stockage pour son commerce.
Previous Loan DetailsZoenabo is the representative for the Wendlabangre Group. She is married and the mother of five children from ages 14 to 27. Two of her children are in school; she has five dependents. Zoenabo has sold sandwiches and candy for 22 years. She stocks up at the Wend Konta bakery in town. Her cus... More from Wendlabangre 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.
About Burkina Faso
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Aug 10, 2012
- Aug 29, 2012
- Currency Exchange Loss:
- Jan 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.