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Honorine's Group
In this Group: Honorine, Thècle Sessi
This is a two person group, and Honorine is the group representative. She is 41 years old, married, and has two children who go to school. Her oldest child is 15 and her youngest is 10.

For several years, she has been selling garden vegetables. She buys her supplies at one of the markets in Benin. In order to strengthen her business and satisfy her clients' demands, she has asked for and received financial support from Finadev. The income from this loan will help her participate in her children's education and buy a plot of land.

Honorine is pictured at left.
View original language description ↓
IL s'agit d'un groupe composé de deux personnes en caution solidaire. Agée de 41ans, Honorine la responsable est mariée et mère de deux enfants scolarisés. Le plus âgé a 15ans et le moins âgé a 10ans. Elle vend des produits maréchaires depuis quelques années et s'approvisionne dans l'un des marchés du Bénin. En vue de renforcer son activité et de satisfaire la demande de ses clients, elle a sollicité et a obtenu un appui financier à Finadev. Le bénéfice dégagé de cet appui financier lui permettra de participer à la scolarisation de ses enfants et d'acquérir une parcelle. Honorine 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
  • 515.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Honorine's Group's $400 loan helped a member to buy two bags of potatoes and two bags of carrots.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 2, 2013