This is a group of two women with a joint loan. Akuvi Aline, the leader, is 39 years old, married, and the mother of five children who attend school. The oldest is 21 and the youngest is four years old. She has been preparing and selling food from her home for several years and gets her supplies at one of the markets in Benin. With the goal of increasing her working capital and to meet the demand of her customers, she has requested and received a loan through Finadev. The profits resulting from this loan will allow her to contribute to her children's schooling and to help her husband finish construction on their house. Akuvi Aline is to the right in the photo.
Ce groupe est composé de deux membres en caution solidaire. Akuvi Aline la responsable est âgée de 39ans, elle est mariée et mère de 05 enfants scolarisés. L'aîné et de benjamin ont respectivement 21ans et 04ans. Elle prépare et vend de la nourriture à son domicile depuis quelques années et s'approvisionne dans l'un des marchés du Bénin. Dans le but de renforcer son fonds de roulement et de satisfaire les besoins de sa clientèle, elle a sollicité et a obtenu un financement auprès de Finadev. Le profit dégagé par ce financement lui permettra de participer à la scolarisation de ses enfants et d'aider son mari à achever la construction de leur maison. Akuvi Aline 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.