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Florentine's Group
In this Group: Florentine, Djima Denise
This is a group made up of two women who are co-borrowers. Florentine, the group leader, is 41 years old; she is married and the mother of three children who attend school. The eldest and the youngest are 13 and 5 years old, respectively.

A traveling hosiery saleswomen for the past five years, Florentine gets her supplies from wholesalers in one of the outdoor markets. Her customers are mainly women. With the intention of increasing her capital and meeting customer demand, she has sought and obtained a loan from Finadev with an eye to maximizing her interest and contributing to her children's education. Florentine is on the left in the photo.
View original language description ↓
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Florentine la responsable est âgée de 41ans, elle est mariée et mère de trois enfants scolarisés. Le plus âgée et le moins ont respectivement 13ans et 05ans. Vendeuse ambulante de bonneterie depuis 5ans, elle s 'approvisionne auprès des grossistes dans l'un des marchés de l'extérieur. Sa clientèle est essentiellement composée de femmes. Dans le souci d'augmenter son capital et de satisfaire la demande de ses clients, elle a sollicité et a obtenu un financement à Finadev en vue de maximiser son intérêt et de participer à la scolarisation de ses enfants. Florentine se retrouve à gauche dans 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

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 500.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Florentine's Group's $800 loan helped a member to purchase 50 dozen bras and 50 dozen pairs of underwear.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 25, 2012
Listed
Oct 20, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 31, 2013