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Madinatou Morenikè's Group
In this Group: Madinatou Morenikè , Karimatou
This is a group made up of two women who are co-borrowers. Madinatou Morenikè, the group leader, is 35 years old, married and a mother of three. The eldest and the youngest are 13 and 3 years old, respectively.

Madinatou Morenikè has been selling toothpaste and toothbrushes in the market for two years, and gets her supplies in one of Benin's markets. Intent on increasing stock capacity, she, along with her fellow group member, has sought and obtained a loan from Finadev. This loan will allow her to maximize her interest and to strengthen her business. Madinatou Morenikè is on the left in the photo. Both clients are involved in the same business activity.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Agée de 35ans, Madinatou Morenikè la responsable est mariée et mère de 03 enfants. L'aîné et le benjamin ont respectivement 13ans et 03ans. Elle vend des pâtes dentifrices et des brosses à dent au marché depuis 02ans et s'approvisionne dans l'un des marchés du Bénin. Soucieuse de renforcer sa capacité d'approvisionnement, elle a sollicité et a obtenu ensemble avec sa coéquipière un financement auprès de Finadev. Ce financement lui permettra de maximiser son intérêt et de renforcer son activité. Madinatou Morenikè se retrouve à gauche dans la photo. Les deux clientes exeercent la même activité.

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 Madinatou Morenikè's Group's $500 loan helped a member to purchase five boxes of toothpaste and 10 boxes of toothbrushes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 29, 2013