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Laurenda Aurore's Group
In this Group: Laurenda Aurore, Bénédicte
This is a group composed of two women who mutually guarantee one another. Laurenda, the group's official, is 33 years old, married, and the mother of one child, who is 2 years old. Laurenda has had a shop for a few years where she sells a variety of goods, cosmetic products, and hair extensions.

Concerned about bolstering her sales and to fulfill the expectations of her customers, she requested and obtained financing from Finadev. This financing will enable her to increase her additional income and to help pay for a proper education for her child.

Laurenda is the one found at the left in the photo.
View original language description ↓
Il s'agit d'un groupe composé de deux personnes en caution solidaire. Laurenda la responsable est âgée de 33 ans. Elle est mariée et mère d'un enfant âgé de 02 ans. Laurenda a une boutique où elle vend des divers, des produits cosmétiques et des mèches depuis quelques années. Dans le souci de renforcer son chiffre d'affaire et de combler les attentes de ses clients, elle a sollicité et a obtenu un financement auprès de Finadev. Ce financement lui permettra d'accroître son revenu additionnel et de contribuer à la bonne éducation de son enfant. Laurenda se retrouve à gauche de 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
  • 506.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Laurenda Aurore's Group's $600 loan helped a member to purchase ointments, hair extensions, spaghetti, and soap.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 31, 2013