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Charafatou's Group
In this Group: Charafatou, Viviane Eyitayo Kike
Charafatou, aged 54, is a widow and has no children to support. She has a store in her home where she sells plasticware, earthenware, and shoes. She gets her supplies from markets in Benin.

With the goal of bolstering her business capital and supporting herself, Charafatou requested and obtained a micro-loan from Finadev. The official is the one found at the left in the photo.
View original language description ↓
Agée de 54 ans, Charafatou est veuve et n'a aucun enfant à charge. Charafatou a une boutique à domicile où elle commercialise des plastiques, canaris et chaussures. Charafatou s'approvisionne dans les marchés du Bénin. Dans le but de renforcer son fonds de commerce et de répondre à ses besoins personnels, elle a sollicité et a obtenu un micro crédit à Finadev. La responsable est celle qui 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 Charafatou's Group's $800 loan helped a member to buy 4 dozen plastic items, 2 dozen earthen jars, and 3 dozen fly swatters.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 29, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012