This is a two-person joint liability group. Sidonie, the representative, is 38 years old, married, and has one child who goes to school. She has been renting chairs, tables, and plates for 5 years, and buys her supplies from large, local importers. With the hopes of increasing her capital and meeting customer expectations, she has asked for and obtained a microloan with Finadev in order to maximize her interest and to participate in her children's schooling. Sidonie is pictured at left.
Il s'agit d'un groupe constitué de deux personnes en caution solidaire. Sidonie la responsable est âgée de 38 ans, mariée et mère d'un enfant scolarisé. Elle fait de la location des chaises, des tables et des plats depuis 05 ans puis s'approvisionne auprès des grands importateurs de la place. Dans le souci d'augmenter son capital et de combler les attentes de ses clients, elle a sollicité et a obtenu un micro crédit auprès de Finadev en vue de maximiser son intérêt et de participer à la scolarisation de ses enfants. Sidonie 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.