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Jacqueline Tété's Group
In this Group: Jacqueline Tété, Séraphine
This is a group of 2 women who are joint guarantors. Jacqueline Tété, the group leader, is 30 years old. She is married and the mother of 3 children who go to school. The eldest child is 9 years old and the youngest, 4.

A seller of canned goods, trays of eggs and other items for several years, Jacqueline Tété gets her supplies at one of Benin's markets. In order to increase her working capital and respond well to her customer demand, she has requested and received a microloan from Finadev, so that she can increase her inventory and help her children get an education.

Jacqueline Tété is on the left of the picture.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Jacqueline Tété la responsable est âgée de 30ans. Elle est mariée et mère de trois enfants scolarisés. Le plus âgé a 09ans et le moins âgé a 4ans. Vendeuse de boîtes de conserve, des plateaux d'œufs et d'autres articles depuis quelques années, elle s'approvisionne dans l'un des marchés du Bénin. Dans le souci dans d'accroître son fonds de roulement et de répondre favorablement à la demande de ses clients, elle a sollicité et a obtenu un micro crédit à Finadev en vue de renforcer son stock de marchandises et de participer à la scolarisation de ses enfants. Jacqueline Tété 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
  • 502.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Jacqueline Tété's Group's $1,400 loan helped a member to buy 50 trays of eggs, 10 boxes of sardines and 2 boxes of stock cubes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 25, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 29, 2013