This is a group composed of two women who mutually guarantee one another. Clotilde, aged 39, is the official of the group. She is a divorced mother of three children, who are in school. The oldest and the youngest are 20 and 9 years old, respectively. Specialized in selling perfumes, sulfur, calabashes, cowrie shells, bottles, and other items for several years, she gets her supplies from one of the markets in Benin.
Concerned about bolstering her buying power and fulfilling the expectations of her customers, she requested and obtained financial assistance from Finadev. The profits generated by this assistance will enable her to help cover her children's schooling costs and the family expenses.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Agée de 39ans, Clotilde la responsable est divorcée et mère de trois enfants scolarisés. L'aîné et le benjamin ont respectivement 20ans et 09ans. Spécialisée dans la vente des parfums, des souffres, des calebasses, des cauris, des bouteilles et d'autres articles depuis quelques années, elle s'approvisionne dans l'un des marchés du Bénin. Soucieuse de renforcer son pouvoir d'achat et de combler les attentes de ses clients, elle a sollicité et obtenu un concours financier à Finadev. Le bénéfice généré par ce concours financier lui permettra de supporter la scolarisation de ses enfants et les charges de la famille. Bayo Clotilde se retrouve à gauche de 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.