M., a 31-year-old woman who is not yet married.
This close-knit group of family and friends sell a variety of prepared food in the central market of Adéta in order to earn a living and provide for their respective families. With this loan, the women of Group Dagan hope to restock their supply of yams, grains, vegetables various animals for the preparation of dishes to sell in the market. Their food is very popular and they hope that this loan will help them to satisfy the demands of their customers, enlarge their clientele and improve the quality of all of their lives.
About FECECAVFECECAV is a cooperative union registered in 1997. Its mission is to serve the financial needs of local people who have been excluded from the traditional financial system. It serves more than 50,000 members in the Plateau and Maritime regions of Togo. FECECAV is a not-for-profit organization.
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