This is a group of two women who have joint liability. Gisèle who is responsible for the group is 37 years old. She is married and mother to four children, who attend school. The eldest is 13 years old and the youngest seven. Gisèle has been selling canned foods, oil, macaroni and other products for several years and gets her supplies in one of Benin's markets. With a view to increasing her capital and responding favorably to customer demand, she has requested and been granted a micro-loan from Finadev. This loan will enable her to maximise her profit so that she can contribute to her children's education and help her husband with the building of their house. Gisèle is on the left of the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Gisèle la responsable est âgée de 37ans. Elle est mariée et mère de 04enfants scolarisés. L'aîné et le benjamin ont respectivement 13ans et 07ans. Gisèle vend des boîtes de conserve, de l'huile, des macaronis et de divers depuis quelques années puis s'approvisionne dans l'un des marchés du Bénin. Dans le but d'augmenter son capital et de répondre favorablement à la demande de ses clients, elle a sollicité et a obtenu un micro crédit à Finadev. Ce crédit lui permettra de maximiser profit afin de participer à la scolarisation de ses enfants et d'aider son mari à achever la construction de leur maison. Gisèle 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.