Afiavi Bricette's Group
The group's representative, Afiavi Bricette, is 38 years old. She is married, and the mother of two children who both attend school. Her children are 9 and 6 years old.
She has been specializing in the sale of fresh eggs for a few years, and she buys egg trays from major poultry farmers.
Eager to increase her capital and to fulfill her customers' expectations, she has requested and obtained a loan from Finadev. This will help her to maximize her supplementary income and to contribute to her children's school fees.
Bricette is featured in the left-hand side of the 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.
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Success!! The loan was 100% repaid