This group comprises two people with a financial solidarity guarantee. Marie-Anne, the leader, is 46 years old. She is married and has four children in school. She has sold food and various items for many years. Marie-Anne gets her supplies at one of the markets in Benin. With the goal of responding to the demands of her clientele and providing for her children, Marie-Anne has sought and obtained a microloan with Finadev. Marie-Anne is on the left in the photo.
Il s'agit d'un groupe de deux personnes en caution solidaire. Marie-Anne, la responsable, est âgée de 46 ans. Elle est mariée et mère de quatre enfants scolarisés. Elle vend de la nourriture et de divers depuis des années. Marie-Anne s'approvisionne dans l'un des marchés du Bénin. En vue de répondre à la demande de sa clientèle et de satisfaire les besoins de ses enfants, Marie-Anne a sollicité et a obtenu un micro crédit à Finadev. Marie-Anne 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.