She has a stall where she has been selling second-hand clothing for eight years. She buys her merchandise at a market of Benin.
To meet customer demand and provide for her children, Elisabeth is seeking a loan from Finadev.
Elisabeth appears on the left in the photo.
Elisabeth a une baraque où elle commercialise des fripperies depuis 08 ans et s'approvisionne dans l'un des marchés du Bénin.
En vue de répondre à la demande de sa clientèle et de satisfaire les besoins de leurs enfants, Elisabeth a sollicité et a obtenu un micro crédit à Finadev.
Elisabeth 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.
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Success!! The loan was 100% repaid