This group is made up of two women who are co-borrowers, offering mutual guarantee to one another. The group's representative, Hortense, is 46 years old. She is married and the mother of four children who all attend school. Her oldest and youngest children are 24 and 12 years old respectively.
Hortense has been specializing in the sale of hair extensions and cosmetics for a few years, and she buys her goods from a market located in Benin.
In order to increase her capital and to meet her customers' expectations, she has requested and obtained a micro-loan from Finadev. This will help her to maximize her profits and to contribute to her children's education.
Hortense is the woman featured on the left-hand side in the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Hortense la responsable est âgée de 46ans. Elle est mariée et mère de quatre enfants scolarisés. Le plus âgé et le moins âgé ont respectivement 24ans et 12ans. Spécialisée dans la vente des mèches et des produits cosmétiques depuis quelques années, Hortense s'approvisionne dans l'un des marchés du Bénin. Dans le but d'accroître son capital et de combler les attentes de ses clients, elle a sollicité et a obtenu un micro crédit à Finadev en vue de maximiser son bénéfice et de participer à la scolarisation de ses enfants. Hortense 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.