This is a group of two people who have joint liability. Mireille who is responsible for the group is 26 years old. She is married and mother to two children, who are four years old and one month old respectively. She is specialised in the sale of canned foods, macaroni and cassava flour, but she also has a fishmonger's shop where she has been selling fish for the past two years. With a view to increasing her working capital and satisfying customer demand, she has requested and been granted a loan from Finadev. This loan will enable her to boost her business and contribute to the household expenses. Mireille is on the left of the photo.
Il s'agit d'un groupe composé de deux membres en caution solidaire. Mireille la responsable est âgée de 26ans. Elle est mariée et mère de deux enfants âgés respectivement de 4ans et un mois. Spécialisée dans la vente des boîtes de conserve, de macaroni, de la farine de manioc, elle a aussi une poissonnerie où elle vend des poissons depuis deux ans. En vue de renforcer son fonds de roulement et de satisfaire les exigences de ses clients, elle a sollicité et a obtenu un financement à Finadev. Le bénéfice généré par ce financement lui permettra de renforcer son commerce et de participer aux dépenses du foyer. Mireille 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.