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Rafiatou's Group
In this Group: Rafiatou, Chakiratou Layi
This is a group of two people with joint liability. Rafiatou, the group leader, is a 43-year-old married mother of three children who go to school.

She has been selling perfumes and pomades for eight years. She buys her stock in a market of Benin, and her customer base consists mainly of locals.

To expand her activity and meet the needs of her customers, she requested and obtained a loan from Finadev. This credit will help to maximize her profits and provide for her children’s schooling.

Rafiatou is on the left in the photo.
Il s'agit d'un groupe de deux personnes en caution solidaire. Rafiatou, la responsable, âgée de 43 ans, est mariée et mère de trois enfants scolarisés. Elle distribue des parfums et des pommades depuis 08 ans. Elle s'approvisionne dans l'un des marchés du Bénin et ses clients sont essentiellement composés des habitants du quartier et de ses environs. Dans le souci d'élargir son commerce et de satisfaire les besoins sa clientèle, elle a sollicité et a obtenu un micro crédit auprès de Finadev afin de maximiser son profit et de participer à la scolarisation de ses enfants. Rafiatou 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

  • $1,600
    Average annual income
  • 0
    View loans »
    Benin Loans Fundraising
  • $4,467,950
    Funds lent in using Kiva
  • 535.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Rafiatou's Group's $1,325 loan helped a member to buy 2 boxes of perfumes, 3 boxes of pomades, and 2 boxes of powders of various brands.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 3, 2012
Aug 3, 2012
Currency Exchange Loss:
Jun 29, 2013