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Olga Yeyinou's Group
In this Group: Olga Yeyinou, Raymonde Medesse
It concerns a group of two people mutually guaranteeing one another. Olga Yeyinou, the person in charge is 35 years old. Married and mother to five children of whom four go to school, she still has a domestic servant under her responsibility. She has been selling baby diapers, clothes pegs and hosiery for 8 years and gets her supplies in one of the markets of Bénin.

With the aim of increasing her buying power and expanding her business, she has requested and obtained a micro-loan from Finadev in order to provide adequate medical care to her children and to build a latrine in their house. Olga Yeyinou is on the left of the photo.
View original language description ↓
Il s'agit d'un groupe de deux personnes en caution solidaire. Olga Yeyinou, la responsable est âgée de 35 ans. Mariée et mère de cinq enfants dont quatre enfants scolarisés, elle a encore une domestique à charge. Elle vend des couches bébé, des pinces à linge et de la bonneterie depuis 08 ans puis s'approvisionne dans l'un des marchés du Bénin. Dans le souci d'augmenter son pouvoir d'achat et d'élargir son activité, elle a sollicité et a obtenu un micro crédit à Finadev en vue de fournir des soins médicaux adéquats à ses enfants et de construire une latrine dans leur maison. Olga Yeyinou se retrouve à gauche dans 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 538.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Olga Yeyinou's Group's $1,125 loan helped a member to buy 3 cartons of baby diapers, 1 carton of clothes pegs and 2 cartons of hosiery.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Aug 5, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 2, 2013