This is a group of two people with a single loan. Charlotte, the leader, is 54 years old, and is a married mother of four. She has a shack where she has been selling pottery containers, baskets, and fowl for several years. Charlotte stocks up in one of the markets in the sub-region. In the goal of growing her business and satisfying the needs of her customers, she has turned to Finadev's microloan. This loan will allow her to maximize her interest and help with the family expenses. Charlotte is on the left in the photo.
Il s'agit d'un groupe de deux personnes en caution solidaire. Charlotte, la responsable, âgée de 54 ans, est mariée et mère de quatre enfants. Elle a une baraque où elle vend des canaris, des paniers et des volailles depuis quelques années. Charlotte fait ses approvisionnements dans l'un des marchés de la sous région. Dans le but d'accroître son chiffre d'affaire et de satisfaire les besoins de ses clients, elle a fait recours au micro crédit de Finadev. Ce crédit lui permettra de maximiser son intérêt et de participer aux charges de la famille. Charlotte 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.