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Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
This is her seventh loan cycle with the MFI Yikkri. She paid her previous loans back without problems. She is requesting a new loan to buy 5 rolls of weaving yarn, 3 rolls of shiny thread, and some dye, so she can weave enough pagnes and meet her customers’ demand. She plans on using the profits to reinvest in her business and build some savings so she can care for her children.
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Translated from French by Kiva volunteer Sylvie Pelaprat. View original language description.
TANKOUDOUGOU RIHANATA est mère 05 enfants dont 4 vont à l’école. Elle tisseuse de pagne traditionnel dans un quartier périphérique de la capitale depuis 10 ans. Elle est à son septième cycle de prêt avec l’IMF YIKRI et elle a remboursé ses crédits sans difficulté. Elle sollicite à nouveau un crédit pour acheter 05 rouleaux de fil à tisser, 3 rouleaux de fil brillant et de la teinture afin de tisser assez de pagne et satisfaire sa clientèle. Elle compte utiliser les bénéfices pour réinvestir dans son activité et épargner pour s’occuper de ses enfants.
Yikri is a microfinance institution based in Burkina Faso that serves vulnerable communities. Kiva financing will go towards Yikri?s work to bring about economic opportunities to underserved vulnerable populations in Burkina Faso, who would otherwise not have access to formal capital.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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