Funded

Total loan: $1,850

Rasmata

Ouagadougou, Burkina Faso / Weaving

A loan helped to buy 35 balls of yarn and dye, and to save money to take care of their family.

Rasmata's story

Rasmata is the mother of seven children, two of whom go to school, and she has two other people in her care. She is a textile worker and has been weaving traditional quality pagnes at her home in a suburb of the capital for over six years. She is repaying her loans well and has repaid her second Kiva loan without difficulty.

She is requesting a new loan to buy 35 balls of yarn and dye to weave many traditional pagnes to satisfy the demand of her customers. She intends to use the profits to reinvest into her business and save money to take care of her family. Finally, she thanks Yikri and its partners for the support provided to non-bankable entrepreneurs.

Translated from French by Kiva volunteer Rebecca Thomson. View original language description.

Rasmata est mère de 7 enfants dont 2 vont à l’école et elle a 2 autres personne en charge. Elle est Tisserande, elle Tisse des pagnes traditionnels de qualité chez elle dans un quartier périphérie de la capitale depuis plus de 06 ans. Elle rembourse bien ses crédits et elle a remboursé son deuxième prêt KIVA sans difficultés, elle sollicite un nouveau crédit pour acheter 35 balles de fils à tisser et de la teinte afin de tisser beaucoup de pagnes traditionnels pour satisfaire à la demande de sa clientèle. Elle compte utiliser ses bénéfices pour réinvestir dans son activité et épargner pour s’occuper de sa famille. Enfin, elle remercie YIKRI et ses partenaires pour le soutien apporté aux entrepreneurs non bancables.

This loan is special because:

It helps borrowers access financial services on flexible terms with no collateral requirements.

More about this loan

This loan is part of an effort to provide financing to vulnerable and marginalized populations in Burkina Faso. This loan helps such communities purchase small equipment and working capital, agricultural inputs and livestock. This loan does not require collateral nor group guarantees in order to protect its most vulnerable clients. By supporting this loan, you are helping promote financial inclusion for Burkina Faso’s vulnerable and marginalized populations.

About YIKRI:

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.