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.
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.
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.