This group of six women work have been working with ACFIME since June 2013 and are on their fourth loan; they have always repaid their loans on time. Christine, the president of the group, is a fighting woman, who is married and mother to two children. She has a restauration activity and has been working in this field for the past ten years. Thanks to her business, she manages to pay her two employees and contribute to the household expenses. With this loan, Christine is going to diversify her menu and offer quality meals to her customers; the profits will enable her to take better care of her family and continue her business.
Ce groupe de six(06) dames travail avec ACFIME depuis juin 2013,elles sont à leur quatrième prêt et elles ont toujours rembourser à temps. Christine, présidente du groupe est une femme battante,marié et mère de deux enfants. Elle est restauratrice et cela fait 10 ans qu'elle exerce dans ce domaine. Avec son activité, elle arrive à rémunérer ses deux employés et à contribuer pour les dépenses de la maison. Avec ce prêt, Christine va diversifier son menu et proposer des plats de qualité à ses clients et les bénéfices lui permettront de mieux prendre soins de sa famille et continuer ses activités.
More information about this loan
ACFIME is a microfinance institution in Burkina Faso that provides loans to women and farmers in low-income communities. Kiva funding allows ACFIME to offer solidarity loans to groups of women and agricultural loans to farmers who struggle to receive loans from other microfinance institutions in the country. With Kiva funding, ACFIME has the capacity to have a huge impact on the economic and social-well being of the most marginalized people in Burkina Faso.
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.