Adonaïm 2 Group
Update on Adonaïm 2 GroupMs. BINTOU is the official of the group ADONAÏM 2. Zenabo is well and has decided to give up her spot as the group's representative to Bintou, who is married and the mother of four children. The oldest is 15 years old, and the youngest is 4. Two are going to school. And she has three persons to support.
Bintou has been selling fuel (firewood) for three years. Deliveries are made to her home. Her customers are her neighbors.
She wants to purchase a half truckload of firewood.
She is saving her profits. Her ambition is to purchase a motorbike and to help out her husband in covering her children's schooling costs.
Mme vend des combustibles (bois de chauffe) depuis 03ans. Elle se fait livrer à domicile. Ses clients sont les voisines.
Elle veut s’acheter un demi-camion de bois de chauffe.
Elle épargne ses bénéfices. Mme ambitionne acheter une moto et aider son mari pour la scolarisation de ses enfants
Previous Loan DetailsZenabo is in charge of the Adonaïm 2 group. She is married and mother to two children, the eldest five years old and the youngest three years old. Neither of Zenabo's children attend school and she also has two other dependents. She has been selling condiments for five years and gets her suppl... More from Adonaïm 2 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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Success!! The loan was 100% repaid