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Fanjalalao is a 39-year-old, single mother. Her only child is schooled and is dependent on her. For more than 5 years, Fanjalalao has been selling a variety of shoes. Her sales unit is located right in the middle of town. In order to meet the demands of her customers, Fanjalalao has requested a loan to buy 15 boxes of various extra adult and children's shoes. Her goal is to build a house in the future.
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Translated from French by Kiva volunteer Emmet McGeown. View original language description.
Fanjalalao est une mère célibataire âgée de 39 ans. Son unique enfant est scolarisé et qui est à ses charges. Depuis plus de 05 ans, Fanjalalao vend des variétés de chaussures. Son unité de vente est fixe et se situe en plein centre ville. Afin de répondre aux demandes des clients, Fanjalalao a demandé un prêt pour acheter 15 cartons de variétés de chaussures pour enfants et adultes supplémentaires. Son but est de construire une maison plus tard.
CEFOR is a socially-oriented MFI that targets people who have not accessed credit in the past. The organization operates 11 branches in and around Antananarivo, the capital and largest city in Madagascar. CEFOR offers loans to low-income entrepreneurs. CEFOR's non-financial services include health insurance, trainings, and at-home coaching delivered by designated training officers. In addition to its microcredit program, CEFOR runs a vocational training program with the goal of helping young people enter the job market.
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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