This group is made up of two people in joint guarantee. Akouavi, the leader, is 38 years old. She is married with three children all of whom attend school, the oldest being 18 and the youngest 9 years old. She has a shop where she has been selling tins of conserve, soap, and food products for several years. Akouavi buys her stock in one of the local markets. Experienced in credit, Akouavi has requested and obtained a loan from Finadev with a view to increasing her turnover and satisfying the demands of her customers. The profit generated by this credit will enable her to help pay for the school fees for her children and to pay for medication for her youngest child who is ill.
Ce groupe est constitué de deux personnes en caution solidaire. Akouavi, la responsable est âgée de 38 ans. Mariée et mère de trois enfants scolarisés dont le plus âgé a 18 ans et le moins âgé a 9 ans. Elle a une boutique où elle vend des boîtes de conserve, des savons et des produits vivriers depuis des années. Akouavi fait ses approvisionnements dans l'un des marchés de la sous région. Expérimentée dans le crédit, Akouavi a sollicité et a obtenu au micro crédit à Finadev en vue d'augmenter son chiffre d'affaire et de satisfaire la demande ses clients. Le gain généré par ce crédit lui permettra de participer la scolarisation de ses enfants et de payer des médicaments pour son enfant benjamin qui est malade.
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.