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Akouavi's Group
In this Group: Akouavi, Denise
This group is comprised of two persons whose representative is named Akouavi. She is 51 years old and a widow with one child. Akouavi is uneducated. To cover her day-to-day expenses, she runs a business selling food. Her purchases are made wholesale at one of the local markets.

Concerned about responding to the demands of her customers, Akouavi, along with her teammate, is requesting a microloan from Finadev.

The official is the one found at the right in the photo.
View original language description ↓
Ce groupe est composé de deux personnes. La représentante du nom d'Akouavi est âgée de 51ans. Akouavi est veuve et à un enfant. Akouavi n'est pas instruite. Pour supporter les charges quotidiennes, elle mène comme activité la vente de nourritures. Ses achats se font en gros dans l'un des marchés de la place. Dans le souci de répondre à la demande de sa clientèle, Akouavi sollicite, ensemble avec sa coéquipière un micro-crédit auprès de Finadev. La responsable est celle qui se retrouve 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
  • 499.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Akouavi's Group's $925 loan helped a member to buy a sack of corn, a sack of rice, a box of spaghetti, a box of fish, and some condiments.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Apr 11, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 12, 2013