This group consists of two women with joint liability. Elisabeth is the leader of the group. She is 37 years old, married and mother to a 16 year old child who is enrolled in a local school. Elisabeth has been specializing in the sale of canned foods, pasta, liqueur and other items for 03 years. She gets her supplies from a market in Benin. In order to expand her business and to cater to the needs of her customers, she has requested and obtained a microloan from the microfinance institution Finadev. The surplus generated by this loan will enable her to contribute to the education costs of her child and to buy a plot of land. Elisabeth is on the left in the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Agée de 37ans, Elisabeth la responsable est mariée et mère d'un enfant âgé de 16ans puis scolarisé dans un établissement de la place. Spécialisée dans la vente des boîtes de conserve, des pâtes alimentaires, de liqueurs et d'autres articles depuis 03ans, elle s'approvisionne dans l'un des marchés du Bénin. En vue d'agrandir son commerce et de couvrir les besoins de ses clients, elle a sollicité et a obtenu un micro crédit à Finadev. Le surplus dégagé par ce crédit lui permettra de participer à la scolarisation de son enfant et d'acheter une parcelle. Elisabeth 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.