This group is made up of 2 women who are joint guarantors. 40-year-old Pascaline is the group leader and is single, with no children. She has a fishmonger's where she has also been selling canned goods, spaghetti and other items for several years. She gets her supplies at a market in Benin. She has requested and received a loan from Finadev with a view to increasing her sales and satisfying her customer demand. This loan will enable her to maximise her profits and meet her needs. Pascaline is on the left in the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Agée de 40ans, Pascaline la responsable est célibataire sans enfant. Elle a une poissonnerie où elle vend aussi des boîtes de conserve, de spaguetti et d'autres articles depuis quelques années. Elle s'approvisionne dans l'un des marchés du Bénin. En vue d'accroître son chiffre d'affaire et de satisfaire la demande de ses clients, elle a sollicité et a obtenu un micro crédit à Finadev. Ce crédit lui permettra de maximiser son bénéfice et de subvenir à ses besoins. Pascaline 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.