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Elisabeth's Group
In this Group: Elisabeth, O.léa Suzette
This is a group of two people with joint liability. Elisabeth, age 39, is the group leader and a married mother of two children who attend school.

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.
Il s'agit d'un groupe de deux personnes en caution solidaire. Elisabeth, la responsable, est âgée de 39 ans. Elle est mariée et mère de deux enfants tous scolarisés.

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.

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
  • 500.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Elisabeth's Group's $900 loan helped a member to buy five bales of second-hand clothing for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Possible
Ended:
May 4, 2013