Gertrude is the leader of a group of two who are taking out a joint loan. At age 44, she is married and the mother of five children, three of whom still attend school. She has one domestic helper in her care and she has been selling liquor, canned goods, pasta and oil for several years. She gets her supplies in one of the markets in her area. In the interest of increasing her turnover and to meet the demands of her customers, she has applied for a micro loan from Finadev in order to maximize her supplemental income and to contribute to the education of her children. She would like to grow her business and to have access to drinking water in Bénin. Gertrude is to the left in the photo.
Gertrude est la responsable d'un groupe de deux personnes en caution solidaire. Agée de 44 ans, Gertrude est mariée et mère de cinq enfants dont trois vont encore à l'école. Elle a une domestique à charge et vend des liqueurs, des boîtes de conserve, des macaronies et de l'huile depuis plusieurs années. Elle se ravitaille dans l'un des marchés de la place. Soucieuse d'accroitre son chiffre d'affaire et de combler les attentes de ses clients, elle a fait recours au micro crédit de Finadev afin de maximiser son revenu supplémentaire et de participer à la scolarisation des enfants. Elle souhaiterait agrandir son activité et s'abonner à la source d'eau potable du Bénin. Gertrude se retrouve à gauche dans 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.