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N.clemence's Group
In this Group: N.clemence, Chantal Ablavi
It concerns a group of two members mutually guaranteeing each other. Clémence, the person in charge, is 44 years old. Married and mother to three children in school, she has been selling cosmetics and diverse items in her boutique for 5 years. She gets her supplies in one of the markets of Bénin and from outside the country.

With the aim of increasing her sales and satisfying the demands of her clients, she resorted to the microfinance institution Finadev with the aim of maximizing her profit and participating in the schooling of her children. She envisions digging a water well in their home. Clémence is on the left of the photo.
View original language description ↓
Il s'agit d'un groupe de deux membres en caution solidaire. Clémence, la responsable, est âgée de 44 ans. Mariée et mère de trois enfants scolarisés, elle vend des produits cosmétiques et de divers dans sa boutique depuis 05 ans puis s'approvisionne dans l'un des marchés du bénin et de l'extérieur. Soucieuse d'augmenter son chiffre d'affaire et de satisfaire les demandes de ses clients, elle a fait recours au micro crédit de Finadev en vue de maximiser son profit et de participer à la scolarisation de ses enfants. Elle envisage creuser un forage d'eau dans leur maison. Clémence 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

  • $1,500
    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 N.clemence's Group's $1,125 loan helped a member to buy 1 carton of hair extensions, 1/2 carton of perfume, 1/2 carton of spaghetti, 1/2 carton of soap and 1/2 carton of sugar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Aug 5, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 31, 2013