This group consists of two members with joint liability. Mawena Angèle, age 27, is the group leader. She is on the left in the photo. She is a married woman who sells mobile phones, recharge cards, and school supplies. She has been in this line of work for a few years, and she buys her stock at a market in Bénin and on the foreign markets.
To bolster her working capital and meet customer demand, she obtained a loan from Finadev. This credit will allow her to maximize her investment and support her husband’s project to build their house.
Il s'agit d'un groupe composé de deux personnes en caution solidaire. Agée de 27ans, Mawena Angèle la responsable est mariée. Spécialisée dans la commercialisation des portables, des crédits et des fournitures scolaires depuis quelques années, elle s'approvisionne dans l'un des marchés du Bénin et de l'extérieur. Dans le but d'accroître son pouvoir d'achat et de satisfaire les besoins de ses clients, elle a sollicité et a obtenu un financement auprès de Finadev. Ce financement lui permettra de maximiser son intérêt afin d'aider son mari dans la construction de leur maison. Mawena Angèle 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.