Ms. IRENE has been selling 'pagnes' (the colorful cloth of western Africa) for eleven years. She gets her supplies from Lomé and at the Sector 10 market. Her customers are friends and neighbors.
She wants to purchase 20 lengths of 'pagne' cloth and 10 outfits of damask fabrics.
With her savings, she wants to improve her business. Her ambition is to help out her husband in covering her children's schooling costs and to buy a plot of land.
Mme vend des pagnes depuis 11 ans. Elle s’approvisionne à Lomé et au marché du secteur 10. Ses clients sont les amis et voisinage.
Elle veut s’acheter 20 pièces de pagnes, et 10 complets bazin.
Avec ses économies, elle veut améliorer son activité. Elle ambitionne aider son mari dans la scolarisation des enfants et s’acheter une parcelle.
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