This is a group of two women who have taken a joint loan. Philomene, the leader, is 59 years old, married, and the mother of five children, three of whom have been educated. The oldest is 30 and the youngest is 17. Philomene has been selling sacks of corn for several years and gets her supplies at one of the markets in Benin. With the goal of increasing her buying power and to satisfy the large demand of her customers, she has requested and received a micro-loan through Finadev in order to maximize her profits and to contribute to the education of her children. Philomene is to the left in the photo.
Il s'agit d'un groupe composé de deux personnes en caution solidaire. Agée de 59ans, Philomène la responsable est mariée et mère de 05 enfants dont trois sont encore scolarisés. Le plus âgé et le moins âgé ont respectivement 30ans et 17ans. Philomène vend des sacs de maïs depuis quelques années et s'approvisionne dans l'un des marchés du Bénin. Dans le but de renforcer son pouvoir d'achat et de satisfaire la forte de ses clients, elle a sollicité et a obtenu un micro crédit à Finadev en vue de maximiser son bénéfice et de participer à la scolarisation de ses enfants. Philomène 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.