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Théodora's Group
In this Group: Théodora, Wolagnon
This is a group made up of 2 women who are joint guarantors. Théodora, the leader, is 53 years old, divorced and the mother of 5 children who are already independent. The eldest and youngest child are 34 and 22 years old respectively.

Théodora has a shop in which she has been selling cereals, canned goods, mayonnaise, packets of spaghetti, biscuits and other items for several years. She gets her supplies at one of Benin's markets, and from abroad. In order to increase her turnover and to be able to respond well to her customer demand, Théodora has requested and received financial support from Finadev, so that she can maximise her interest and expand her business,

Théodora is on the left of the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Agée de 53ans, Théodora la responsable est divorcée et mère de 05enfants qui sont déjà à leur propre charge. Le plus âgé et le moins âgé ont respectivement 34ans et 22ans. Elle a une boutique où elle vend des céréales, des boîtes de conserve, de mayonnaise, des paquets de spaghetti, de biscuites et d'autres articles depuis quelques années. Elle s'approvisionne dans l'un des marchés du Bénin et de l'extérieur. Dans le but d'accroître son chiffre d'affaire et de répondre favorablement à la demande de ses clients, Théodora a sollicité et a obtenu un concours financier à Finadev en vue de maximiser son intérêt et d'agrandir son fonds de commerce. Théodora se retrouve à gauche dans la photo.

Additional Information

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.

About Benin

  • $1,500
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Théodora's Group's $600 loan helped a member to buy a bag of corn, 2 bags of rice, 3 bowls of cassava flour, 1/4 box of powdered milk and 1/4 of tinned tomatoes.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 14, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 31, 2013