- 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 Wendbenedo GroupPoko Anne is the head of the Wendbenedo group. She is a good person, is married, and has two children. The oldest of her children is 13, while the youngest is 3 years of age. One of her children goes to school, and she has two people under her care.
Poko Anne has worked for the past eight years selling clothing, shoes and pagnes [traditional wrap-around cloth]. She gets her supplies at a market in the part of town known as Sector 10, and all her customers live in this area. She wants to buy five lengths of pagne and four dozen pairs of children’s jeans. With her profits, she would like to save so that she can buy a plot of land. She plans to open a store to sell pagnes and ready-to-wear clothing, as well as to provide better schooling for her children.
Mme vend des habits, chaussures et pagnes depuis 08ans. Elle s’approvisionne au marché de secteur 10 en ville. Ses clients sont les habitants du secteur.
Elle veut s’acheter 05pièces de pagnes et 04 douzaines de jean pour enfants.
Avec ses bénéfices, elle veut économiser afin de s’acheter une parcelle. Elle ambitionne maintenant ouvrir une boutique de vente de pagnes et prêt à porter et mieux scolariser ses enfants.
Previous Loan DetailsMrs. Anne Poko is the leader of the WENDBENEDO group. She is married and the mother of two children. The older one is twelve and the younger one is two. The older one goes to school. She has two people in her care. Mrs. Poko has been selling clothing for eight years. She gets her supplies... More from Wendbenedo 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