This is a group of two women who are joint loan guarantors. Medjikoué Geneviève, the leader, is 30 years old, and married with four children all of which go to school. The oldest is 15 and the youngest is six. She has been selling condiments for some years and buys her stock at a market in Benin. Hoping to increase her capital and satisfy her customers' expectations, she has requested and obtained financial support from Finadev in order to increase her supplementary income and participate in the cost of her children's school fees. Medjikoué Geneviève is on the left in the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Medjikoué Geneviève la responsable, âgée de 30 ans, est mariée et mère de 04 enfants scolarisés. Le plus âgé et le moins âgé ont respectivement 15ans et 06 ans. Elle vend des condiments depuis quelques années et fait ses approvisionnements dans l'un des marchés du Bénin. Dans le souci d'augmenter son capital et de couvrir les attentes de ses clients, elle a sollicité et a obtenu un appui financier à Finadev en vue d'accroître son revenu supplémentaire et de participer à la scolarisation de ses enfants. Medjikoué Geneviève 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.