This is a group constituting two people who have joint liability. Iyabo Geneviève, who is in charge of the group, is married and mother to one child who is 11 years old and attends school. She has been selling canned tomatoes, soap, packs of sugar, spaghetti and other products for two years. She gets her supplies in a Benin market and abroad. With a view to increasing her capacity to get fresh supplies and to respond favorably to customer demand, Iyabo Geneviève has requested and been granted a loan from Finadev so she can maximise her profits and contribute to her child's schooling costs. Iyabo Geneviève is on the left of the photo.
Il s'agit d'un groupe composé de deux membres en caution solidaire. Agée de 40ans, Iyabo Geneviève la responsable est mariée et mère d'un enfant scolarisé puis âgé de 11ans. Elle vend des tomates en boîte, du savon, des paquets de sucre, de spaghetti et d'autres articles depuis deux ans. Elle s'approvisionne dans l'un des marchés du Bénin et de l'extérieur. Dans le but d'accroître sa capacité d'approvisionnement et de répondre favorablement à la demande de ses clients, Iyabo Geneviève a sollicité et a obtenu un financement auprès de Finadev en vue de maximiser son bénéfice et de participer à la scolarisation de son enfant. Iyabo Geneviève 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.
A portion of Edibi Iyabo Genevieve's Group's $500 loan helped a member to buy half a carton of canned tomatoes, half a carton of soaps, a quarter of a carton of sugar and a quarter of a carton of spaghetti.