This is a group of two persons taking out a solidarity loan. Grâce Yabo, the group’s leader, is 22 years old. Single without children, she has been selling school and office supplies as well as kitchen utensils for over two years. She stocks up at one of the markets of Benin as well as outside of the country. In order to increase her stock capacity and meet high customer demand, she has requested and obtained a microloan from Finadev. This loan will allow her to bolster her business and eventually to become a wholesaler.
Il s'agit d'un groupe composé de deux personnes en caution solidaire. Grâce Yabo la responsable est âgée de 22ans. Célibataire sans enfant, elle s'est spécialisée dans la commercialisation des fournitures scolaires, de bureau et des ustensiles de cuisine depuis 2 ans. Elle s'approvisionne dans l'un des marchés du Bénin et de l'extérieur. Dans le souci d'accroître sa capacité d'approvisionnement et de satisfaire la forte demande de ses clients, elle a sollicité et a obtenu un micro crédit à Finadev. Ce crédit lui permettra de renforcer son activité afin de devenir une grossiste.
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.
A portion of Grâce Berthe Yabo's Group's $1,000 loan helped a member to buy one box of ink, one box of staples, one box of whiteout, one box of envelope moisteners, five lots of spoons and five frying pans.