This group has two members who share a joint guarantee on their loan. Euphrasie is the group leader. She is 33 years old, married, and doesn't have any children. She has been in business for a number of years selling cooking equipment and pagnes (traditional fabrics). She gets her supplies from a market outside Benin. With the aim of increasing her capital and meeting her customers' needs, Euphrasie has requested and obtained a micro loan from Finadev. She hopes to maximize her profits and expand her business. Euphrasie is the lady in the photo on the left.
Il s'agit d'un groupe composé de deux personnes en caution solidaire. Euphrasie la responsable, âgée de 33ans, est mariée sans enfant. Spécialisée dans la vente des ustensiles de cuisine et des pagnes depuis quelques années, elle s'approvisionne dans l'un des marchés de l'extérieur. Dans le but d'augmenter son capital et de couvrir les besoins de sa clientèle, Euphrasie a sollicité et a obtenu un micro crédit à Finadev en vue de maximiser son profit et d'agrandir son commerce. Euphrasie 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.