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Ayaba Elisabeth's Group
In this Group: Ayaba Elisabeth, Winsi Cécile
This relates to a group with two members - acting as mutual guarantors. Elisabeth, the supervisor, is 33 years old. She is married and the mother of four children, three of whom already go to school. She has a hairdressing salon where she also sells ladies shoes. She buys her supplies in one of the markets in the local area, and her customers are mainly women from Togo and Bénin.
In order to strengthen her business and to meet the needs of her customers, she has requested and received a micro loan from Finadev so that she can increase the size of her order and generate more interest. The profit generated will allow her to help with the schooling costs of her children and to pay her debts. Elisabeth is on the left of the photo.
View original language description ↓
Il s'agit d'un groupe de deux membres en caution solidaire. Elisabeth, la responsable, est âgée de 33ans. Mariée et mère de quatre enfants dont trois vont déjà à l'école, elle a un salon de coiffure où elle vend aussi des chaussures dames. Elle s'approvisionne dans l'un des marchés de la sous région et sa clientèle est essentiellement composée des togolaises et des béninoises. Dans le but de renforcer son activité et de combler les attentes de ses clientes, elle a sollicité et a bénéficié d'un micro crédit à finadev en vue d'élargir sa commande et d'accroitre son intérêt. Le surplus généré lui permettra de contribuer à la scolarisation de ses enfants et de payer ses dettes. 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
  • 533.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ayaba Elisabeth's Group's $675 loan helped a member to purchase 20 pairs of shoes of various types.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 5, 2013