This is a group made up of two members with joint liability. Adélaïde who is responsible for the group is 39 years old. She is married and mother to three children, who all attend a local school. The eldest is 17 years old and the youngest nine. Adélaïde has been specialising in the sale of cosmetics for several years and she gets her supplies in one of Benin's markets. With a view to increasing her turnover and providing for her customers' needs, she has requested and been granted a loan from Finadev. This loan will enable her to maximise her supplementary income and to contribute to giving her children a good education. Adélaïde is on the left of the photo.
Il s'agit d'un groupe constitué de deux membres en caution solidaire. Adélaïde la responsable est âgée de 39ans. Mariée et mère de trois enfants scolarisés dans une école de la place, l'aîné et le benjamin ont respectivement 17ans et 9ans. Spécialisée dans la vente des produits cosmétiques depuis quelques années, elle s'approvisionne dans l'un des marchés du Bénin. Dans le souci d'accroître son chiffre d'affaire et de couvrir les besoins de sa clientèle, elle a sollicité et a bénéficié d'un appui financier à Finadev. Cet appui financier lui permettra de maximiser son revenu supplémentaire et de participer à la bonne éducation de ses enfants. Adélaïde 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.