This group is composed of two persons. The group’s representative, Rafiatou, is 24 years old. She is engaged to be married and has no children. She has received secondary education. In order to support herself, for the last four years she has been selling ready-to-wear clothing in a store She stocks up at a market in Benin. With the goal of better meeting customer demand and increasing her revenues, Rafiatou, together with her other team member, is seeking her first loan from Finadev. Rafiatou is the one on the left in the photo.
Ce groupe est composé de deux personnes. La représentante du nom de Rafiatou est âgée de 24ans. Rafiatou est fiancée sans enfant. Elle est a un niveau d'instruction secondaire. Pour supporter les charges quotidiennes, Rafiatou mène comme activité la vente des vêtements prêt-à-porter dans une boutique depuis quatre ans. Elle s'approvisionne dans un marché du Bénin. Dans l'optique de répondre aux exigences de la clientèle et de faire plus de profit, elle sollicite, ensemble avec sa coéquipière, un premier crédit auprès de Finadev. La responsable est celle qui se retrouve à gauche de la photo.
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.