This is a two-person group with joint liability. Kuessiba Rose, the person in charge, is 32 years old, married and doesn't have any children. She has been selling 'pagnes' (traditional, colorful, wraparound fabric) and hair extensions for years. She stocks up in the markets in Benin. In order to respond to her customer demand and contribute towards her household expenses, Kuessiba Rose has requested and obtained a micro loan from Finadev. This loan will allow her to maximize her profits and to save. Kuessiba Rose is on the left of the photo.
Il s'agit d'un groupe de deux personnes en caution solidaire. Kuessiba Rose,la responsable, est âgée de 32 ans. Mariée et sans enfant, Kuessiba Rose vend des pagnes et des mèches depuis des années. Elle s'approvisionne dans les marchés du Benin. En vue de répondre à la demande de sa clientèle et de contribuer aux dépenses du foyer, Kuessiba Rose a sollicité et a obtenu un micro crédit à Finadev. Le présent crédit lui permettra de maximiser son profit et d'épargner. Kuessiba Rose 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.