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Grace Monilola's Group
In this Group: Grace Monilola, Anna Mahuton
Grace Monilola, aged 44, is a married mother of four children. She lives with her husband, she runs her businesses. She has requested funding from Finadev for bolstering her business in order to expand her working capital and especially to cover her children's schooling costs.

She takes this loan along with Anna Mahuton, who also markets a variety of goods. Grace Monilola is at the right in the photo.
View original language description ↓
Agée de 44 ans, Grace Monilola est mariée et mère de 04 enfants. Elle vit chez son mari ou elle mène ses activités. Elle a sollicité un concours auprès de Finadev pour renforcer ses activités afin d'agrandir son fonds de commerce et surtout supporter la charge scolaire de ses enfants. Elle est en caution avec Anna Mahuton qui commercialise aussi des divers. Grace Monilola et à droite de la photo.

Additional Information

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 Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 491.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Grace Monilola's Group's $1,225 loan helped a member to buy a box of skin lotion, a box of spaghetti, 10 lengths of fabric, and 20 liters of oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2012
Listed
Apr 12, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 6, 2013