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Leilatou's Group
In this Group: Leilatou , Wassiatou
This loan concerns two women acting as solidary borrowers. Leilatou, the leader, is 42 years old. She is married with two children; one of them goes to school. Her oldest and youngest are respectively seven and three.

Leilatou has owned a restaurant for three years. She gets her supplies from a market in Benin. She requested and obtained financing from Finadev in order to increase her stock and to meet consumer demand. Profits generated thanks to this loan will allow her to help with her child’s school’s expenses and to assist her husband in building their house.

Leilatou can be seen in the left-side picture.
View original language description ↓
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Leilatou la responsable est âgée de 42ans. Elle est mariée et mère de deux enfants dont un est scolarisé. L'aîné et le benjamin ont respectivement 7ans et 3ans. Leilatou est propriétaire d'un restaurant depuis 03ans et s'approvisionne dans l'un des marchés du Bénin. Elle a sollicité et a obtenu un financement à Finadev en vue de renforcer son stock et de satisfaire la demande de ses clients. Le profit généré par ce financement lui permettra de participer à la scolarisation de son enfant et d'aider son mari dans la construction de leur maison. Leilatou 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
  • 507.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Leilatou's Group's $700 loan helped a member to buy 20 cases of beverages and 1 bag of rice.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 26, 2013