This is a group of two individuals taking out a solidarity loan. Jacqueline, 41 years old, is the group’s leader. She is married and the mother of four children, three of whom are in school. The eldest in 18 years old and the youngest is three. She has a café in which she has been selling miscellaneous items and cooked dishes for three years. She stocks up at one of the markets in Benin. With the goal of bolstering her working capital and meeting customers’ expectations, she has taken advantage of a Finadev microloan. This revenues generated thanks to this microloan will allow her to help pay for her children’s schooling and to purchase a land plot.
Il s'agit d'un groupe composé de deux personnes en caution solidaire. Jacqueline la responsable est âgée de 41ans. Elle est mariée et mère de quatre enfants dont trois sont scolarisés. L'aîné a 18ans et le benjamin a 03ans. Elle a un cafétariat où elle vend de divers puis prépare et vend de la nourriture depuis 03ans. Elle fait ses approvisionnements dans l'un des marchés du Bénin. Dans le souci d'augmenter son capital et de couvrir les attentes de ses clients, elle a fait recours au micro crédit de finadev. Le bénéfice généré par ce micro crédit lui permettra de participer à la scolarisation de ses enfants et d'acquérir une parcelle.
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.